Oobit Expands Crypto Payments to Colombia Amid Regional Stablecoin Growth

Oobit, a non-custodial crypto payments platform backed by Tether, has expanded its services to Colombia. This marks the ninth live market for the company and aligns with a broader regional shift toward stablecoins and crypto-based purchases in Latin America.

According to Chainalysis data cited in Oobit's announcement, the Colombian peso ranks second globally in centralized-exchange stablecoin purchases by currency. The preference for stablecoins is driven by their reduced volatility and expedited cross-border payments.

Oobit enables users to spend digital assets directly from their wallets through a Visa-linked payment network accepted by over 150 million merchants across more than 80 countries. The platform emphasizes on-wallet spending without converting funds through traditional bank off-ramps, offering a smoother, crypto-first checkout for everyday purchases.