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Tether-Backed Oobit Launches Crypto-to-Bank Transfer Service

Tether-Backed Oobit Launches Crypto-to-Bank Transfer Service

Supported digital assets span Bitcoin, Ethereum, XRP, Solana, and Cardano, along with stablecoins including USDT, USDC, EURC, and EURR, as well as Dogecoin.

Crypto News

Oobit, a crypto payments application backed by Tether, has added crypto-to-bank transfer functionality that routes funds into bank accounts through domestic payment networks, extending the app’s capabilities beyond in-store spending and peer-to-peer transfers. The feature connects self-custody wallets directly to local banking rails without routing users through external off-ramp interfaces.

Supported payment networks include the Single Euro Payments Area (SEPA) in Europe, the Automated Clearing House (ACH) in the United States, and Mexico’s SPEI network. The settlement…

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