Tether-backed Oobit adds crypto-to-bank transfers for local payment networks

CoinTelegraph

by Ezra Reguerra

February 24, 2026

AI-Generated Deep Dive Summary

Tether-backed crypto payments app Oobit has expanded its services to include crypto-to-bank transfers, enabling users to send digital assets directly into their bank accounts through local payment networks. This new feature allows customers to transfer supported cryptocurrencies and stablecoins from self-custody wallets into traditional banking systems, marking a significant step beyond in-store purchases and peer-to-peer transactions. Oobit’s integration with regional payment rails like the Single Euro Payments Area (SEPA) in Europe, the Automated Clearing House (ACH) in the U.S., and Mexico’s Sistema de Pagos Electrónicos Interbancarios (SPEI) ensures seamless cross-border transfers in local currencies such as euros, US dollars, Mexican pesos, and Philippine pesos. The service supports a variety of digital assets, including Bitcoin (BTC), Ether (ETH), major stablecoins like Tether (USDT) and USDC, and other tokens such as XRP (XRP), BNB (BNB), Solana (SOL), Cardano (ADA), and Dogecoin (DOGE). By leveraging these networks, Oobit aims to provide a more accessible and efficient way for crypto users to access traditional financial systems while maintaining the benefits of blockchain technology. This development underscores the growing integration between cryptocurrencies and traditional banking infrastructure, potentially broadening the appeal of digital assets to a wider audience. For crypto enthusiasts and adopters, this feature represents a meaningful advancement in bridging the gap between decentralized finance (DeFi) and conventional banking. By offering direct transfers into local bank accounts, Oobit simplifies the process of converting cryptocurrencies into usable funds for everyday expenses or savings. This not only enhances liquidity but

Verticals

cryptoblockchain

Originally published on CoinTelegraph on 2/24/2026