Oobit links USDT and stablecoins to Brazil’s Pix network

Oobit connected its app to Brazil’s Pix on June 23, enabling users to send USDT and other supported stablecoins to Pix keys or make deposits that arrive as Brazilian reais in recipients’ local accounts. The company confirmed the rollout on its official X account.

The integration lets an Oobit-held crypto or stablecoin balance fund a Pix-linked action while the recipient receives a conventional BRL transfer through Pix rather than a visible crypto transfer. Oobit’s product pages list Pix as available in Brazil, state transfers usually arrive in seconds, and show BRL support for the flow.

Oobit’s FAQ notes that identity verification is required, fees and limits can apply, and availability depends on a user’s location and the specific product. The company has not disclosed full details on conversion rates, partner banks, fees or settlement mechanics.

Pix is Brazil’s real-time payments network. Banco Central do Brasil reported nearly 170 million users on the Pix system. Oobit manages the settlement layer that converts crypto value into payments on the Pix rails, keeping the user-facing crypto balance separate from the domestic payment flow.

In February, Oobit announced wallet-to-bank transfers that allow stablecoins held in self-custody wallets to settle into bank accounts via local rails, including Pix. The company previously raised a $25 million Series A led by Tether.

Metrics that Oobit and observers can track include repeat Pix-key payments funded from crypto balances, Pix deposits routed from crypto, BRL payouts to bank accounts and the number of active Brazilian users. Availability of the feature varies by location and product, and the flow is subject to verification, fees and limits described in Oobit’s public materials.