Tether-Backed Oobit Expands Crypto Payments Platform to Colombia

BTCC / BTCC Square / Global Cryptocurrency /

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2026-05-14 17:15:02

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Oobit, backed by Tether, has launched its crypto payments platform in Colombia, marking its ninth active market. The expansion follows successful entries in Brazil, Argentina, and Chile, reinforcing Latin America's growing appetite for stablecoin-based transactions.

Colombia's peso ranks second globally for stablecoin purchases on centralized exchanges, according to Chainalysis data. This demand stems from peso volatility and remittance flows, making the country an ideal testing ground for everyday crypto spending.

The platform enables direct crypto payments from non-custodial wallets through a Visa-linked network spanning 150 million merchants. By bypassing traditional bank off-ramps, Oobit taps into Latin America's accelerating shift from crypto holding to spending.

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