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Project Overview
Oobit is a crypto mobile payment app that empowers crypto holders to Tap & Pay at over 100 million retailers worldwide, accepting Visa and Mastercard. This seamless integration allows merchants to effortlessly embrace digital assets as a form of payment, providing customers with a convenient way to use their digital assets for transactions.
Oobit Has Frozen Part of the EURR Funds Related to the StablR Security Incident
Oobit, a mobile wallet supported by Tether, issued a clarification on X, stating that after “on-chain detective” ZachXBT disclosed a vulnerability exploit against two smart contracts (EURR and USDR) of stablecoin issuer StablR—resulting in losses of approximately $13.5 million—the attackers attempted to withdraw the stolen funds via Oobit. However, Oobit’s compliance team identified the anomalous activity and successfully froze EURR funds valued in the six-figure range, while also shutting down the withdrawal channel. No user funds were affected in this incident, and Oobit’s own systems were not compromised. Oobit is currently cooperating with StablR and investigators to advance follow-up actions. Earlier reports indicated that StablR suffered a hack resulting in losses of approximately $2.8 million, causing both EURR and USDR to de-peg.
Tether’s Oobit Launches AI-Powered Corporate Spending Card That Supports Direct USDT Spending
According to The Block, Oobit—a wallet startup backed by Tether—has launched virtual “Agent Cards,” enterprise expense cards powered by Visa and designed for AI agents. These cards enable AI bots to make online purchases directly using their USDT balances, eliminating the need to convert to fiat currency or obtain manual, per-transaction approval. Each agent card features individual spending limits, category-level expenditure controls, and per-transaction or per-merchant caps. Every transaction automatically generates a human-readable record and supports integration with payment platforms such as Stripe for handling subscription billing and vendor payments.
Related news
Oobit Has Frozen Part of the EURR Funds Related to the StablR Security Incident
Oobit, a mobile wallet supported by Tether, issued a clarification on X, stating that after “on-chain detective” ZachXBT disclosed a vulnerability exploit against two smart contracts (EURR and USDR) of stablecoin issuer StablR—resulting in losses of approximately $13.5 million—the attackers attempted to withdraw the stolen funds via Oobit. However, Oobit’s compliance team identified the anomalous activity and successfully froze EURR funds valued in the six-figure range, while also shutting down the withdrawal channel. No user funds were affected in this incident, and Oobit’s own systems were not compromised. Oobit is currently cooperating with StablR and investigators to advance follow-up actions. Earlier reports indicated that StablR suffered a hack resulting in losses of approximately $2.8 million, causing both EURR and USDR to de-peg.
Tether’s Oobit Launches AI-Powered Corporate Spending Card That Supports Direct USDT Spending
According to The Block, Oobit—a wallet startup backed by Tether—has launched virtual “Agent Cards,” enterprise expense cards powered by Visa and designed for AI agents. These cards enable AI bots to make online purchases directly using their USDT balances, eliminating the need to convert to fiat currency or obtain manual, per-transaction approval. Each agent card features individual spending limits, category-level expenditure controls, and per-transaction or per-merchant caps. Every transaction automatically generates a human-readable record and supports integration with payment platforms such as Stripe for handling subscription billing and vendor payments.