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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.
Circle Partners with BIND Group to Provide USDC Access to Argentine Institutions
: Circle has entered into a strategic alliance with Argentine financial services group BIND Group to provide USDC liquidity access to Argentine enterprises through BEN, a licensed virtual asset service provider under BIND. BIND Group has total assets exceeding $2 billion, and its core banking entity, BIND Banco Industrial, provides services to institutions and enterprises. BEN will operate in compliance with Argentine regulatory requirements, supporting use cases such as payments, treasury management, and digital asset transfers. BIND Vice President Andrés Meta stated that expanding institutional access to USDC is an important step for the Argentine digital asset ecosystem. Circle CEO Jeremy Allaire noted that Argentina has become a more attractive destination for foreign investment. Argentina is one of the few markets in Latin America where USDC adoption levels are close to those of USDT. Tether-backed Oobit disclosed that transaction volumes completed by Argentine users using USDC account for 46% of the country’s total stablecoin transaction volume.
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.
Circle Partners with BIND Group to Provide USDC Access to Argentine Institutions
: Circle has entered into a strategic alliance with Argentine financial services group BIND Group to provide USDC liquidity access to Argentine enterprises through BEN, a licensed virtual asset service provider under BIND. BIND Group has total assets exceeding $2 billion, and its core banking entity, BIND Banco Industrial, provides services to institutions and enterprises. BEN will operate in compliance with Argentine regulatory requirements, supporting use cases such as payments, treasury management, and digital asset transfers. BIND Vice President Andrés Meta stated that expanding institutional access to USDC is an important step for the Argentine digital asset ecosystem. Circle CEO Jeremy Allaire noted that Argentina has become a more attractive destination for foreign investment. Argentina is one of the few markets in Latin America where USDC adoption levels are close to those of USDT. Tether-backed Oobit disclosed that transaction volumes completed by Argentine users using USDC account for 46% of the country’s total stablecoin transaction volume.
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
Circle Partners with BIND Group to Provide USDC Access to Argentine Institutions
: Circle has entered into a strategic alliance with Argentine financial services group BIND Group to provide USDC liquidity access to Argentine enterprises through BEN, a licensed virtual asset service provider under BIND. BIND Group has total assets exceeding $2 billion, and its core banking entity, BIND Banco Industrial, provides services to institutions and enterprises. BEN will operate in compliance with Argentine regulatory requirements, supporting use cases such as payments, treasury management, and digital asset transfers. BIND Vice President Andrés Meta stated that expanding institutional access to USDC is an important step for the Argentine digital asset ecosystem. Circle CEO Jeremy Allaire noted that Argentina has become a more attractive destination for foreign investment. Argentina is one of the few markets in Latin America where USDC adoption levels are close to those of USDT. Tether-backed Oobit disclosed that transaction volumes completed by Argentine users using USDC account for 46% of the country’s total stablecoin transaction volume.
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.