Oobit, a crypto payments app backed by Tether, has integrated Brazil's PIX instant payment system to allow users to send USDT and other stablecoins directly from self-custody wallets to Brazilian bank accounts with instant settlement in Brazilian Reais. PIX, used by about 178 million Brazilians, is one of the world's largest digital payment networks. This integration transforms Oobit from a crypto spending app into a fiat off-ramp with near-zero friction, reinforcing USDT's role as a leading stablecoin in emerging markets. The self-custody model also reduces trust barriers and regulatory risks by keeping funds in user wallets until transactions occur. With competitors like Bitget Wallet and Bybit Pay also integrating PIX, the stablecoin-to-fiat bridge in Brazil is becoming highly competitive, while Brazil's central bank digital currency Drex may present future challenges.
A Senate subcommittee report revealed that Iran used Tether's USDT stablecoin to move value around U.S. sanctions, with 84% of 846 sanctioned wallets linked to Iran having used USDT. The report criticized Tether for delays in freezing some wallets. T...
Tether has invested in Abu Dhabi fintech Shiga Digital to expand self-custodial digital asset services in Africa and the Gulf Cooperation Council (GCC). Using Tether's Wallet Development Kit, Shiga will offer USDT-powered payments and treasury tools ...
Binance Wallet has introduced the ability to pay blockchain gas fees using USDT on BNB Smart Chain, Ethereum, Solana, and TRON networks. This removes the previous requirement for users to hold each network's native gas token before making transaction...
Tether has introduced beta command-line and Model Context Protocol (MCP) tools to its Wallet Development Kit, enabling AI clients to interact with self-custodial wallets locally. These tools support wallet management functions such as creation, unloc...
After the Bitget hack stole $387.5 million, Circle and Tether froze about $318,000 in stablecoins from one hacker address. However, the majority of the stolen funds, over 63,000 ETH worth around $170 million, remain unfrozen as no issuer can block Et...
