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Tether-backed wallet Oobit integrates Phantom, expands Solana payment capabilities to Visa network

Summary: According to market reports, Tether-backed mobile wallet Oobit has announced native integration with Solana ecosystem wallet Phantom, allowing users to easily use stablecoins for payments at Visa-supported merchants worldwide through Oobit's DePay system. Funds are deducted in real-time from the wallet and automatically converted to fiat currency, without the need for pre-transfers or intermediaries. Solana ...

According to market reports, Tether-backed mobile wallet Oobit has announced native integration with Solana ecosystem wallet Phantom, allowing users to easily use stablecoins for payments at Visa-supported merchants worldwide through Oobit's DePay system. Funds are deducted in real-time from the wallet and automatically converted to fiat currency, without the need for pre-transfers or intermediaries. Solana co-founder Anatoly Yakovenko previously participated in Oobit's $25 million Series A funding round.

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