Tether-backed Oobit brings USDT to nearly 170 million users of Brazil’s PIX payment network
The Block·
60-second summary
Oobit, a Tether-backed company, is bringing USDT to nearly 170 million users of Brazil's PIX payment network, one of the world's most widely-adopted digital payment networks created by Banco Central do Brasil in 2020. This integration expands USDT's reach in the region, potentially increasing adoption and usage of stablecoins in Brazil's growing digital economy.
Created by Banco Central do Brasil in 2020, PIX is one of the world's most widely-adopted digital payment networks.