Oobit, the Tether-backed global payments platform, has enabled wallet users to send stablecoins directly to bank accounts worldwide with near-instant settlement.
The service removes traditional delays and intermediaries, allowing funds to be received without relying on SWIFT processing.
For the first time, self-custody crypto assets can settle directly into traditional banking systems within seconds through networks such as SEPA in Europe, ACH in the United States, and SPEI in Mexico.
Oobit’s integrated payments stack now supports in-store spending, peer-to-peer transfers, and direct bank settlement across multiple regions.
The service currently supports USD, EUR, MXN, and PHP, with additional markets set to launch soon.
The infrastructure is powered by the Stablecoin API developed by Distributed Technologies Research.
How it works
What differentiates Oobit from other crypto payment platforms is its settlement layer.
When users send stablecoins, they can see in real time how much crypto leaves their wallet and how much is credited to the recipient’s bank account, with no hidden conversions or unexpected fees.
After entering recipient details and confirming the transaction, funds settle within seconds through local payment networks such as SEPA in Europe, ACH in the United States, and SPEI in Mexico.
This speed is a key advantage. Traditional wire transfers can take several days, while SWIFT-based transfers add costs at multiple intermediary stages.
Oobit’s system bypasses correspondent banking channels entirely, enabling significantly faster and more efficient settlement.
The infrastructure play
The integration is powered by Distributed Technologies Research (DTR), which recently agreed to be acquired by Bakkt, Inc.
The transaction reflects the growing importance of stablecoin settlement as core financial infrastructure rather than a niche service.
DTR does not hold user funds; it functions as a routing layer between blockchain networks and traditional banking systems.
Crypto moves on one rail, fiat on the other, with DTR acting as the bridge. For users in emerging markets and diaspora communities, this model is particularly relevant.
Transfers that previously took up to a week and incurred fees of 7–10% can now be completed in seconds at minimal cost.
Expanding beyond in-store payments
Wallet holders can now pay anywhere, send peer-to-peer, or settle directly into any bank account worldwide without ever leaving self-custody.
For crypto holders, freelancers, digital nomads, and businesses, this means real-world utility.
For the first time ever, self-custody crypto has a complete path: spend it, send it, or move it into the real world.
“We’ve always believed control belongs to the user. Not in exchanges. Not in custodians. In your wallet. Pay anywhere. Send anywhere. Now, settle anywhere. All from the wallet you already own. This isn’t just another payment app. It’s proof that non-custodial is the only architecture that scales. And it works. Crypto that stays yours while working everywhere. That’s the standard we’re building.” – Amram Adar, CEO of Oobit
“Infrastructure connecting digital asset platforms with traditional financial systems is foundational to broader adoption,” said Akshay Naheta, Founder and CEO of DTR and CEO of Bakkt.
“DTR’s integration with Oobit highlights how this infrastructure supports settlement through established financial networks, enabling simpler payment experiences across digital and traditional assets.”
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