Tether-backed Oobit To Expand Crypto Payments With ADGM License
Singapore-based cryptocurrency company Oobit has applied for a Financial Services Regulatory Authority (FSRA) license under the Abu Dhabi Global Market (ADGM) framework.
Oobit plans to establish an office in Abu Dhabi to build closer ties with local stakeholders in the region. The company also operates a mobile payment platform focused on cryptocurrency.
Earlier this year, Oobit raised $25 million to accelerate the adoption of cryptocurrencies as a mainstream payment method. The funding round attracted major backers including Tether’s investment arm, CMCC Global’s Titan Fund, 468 Capital, and Solana co-founder Anatoly Yakovenko.
Oobit allows cryptocurrency holders to “Tap & Pay” at over 100 million retailers worldwide,…
