Oobit launches in Colombia as Tether-backed crypto payments app reaches ninth market

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Oobit officially launched in Colombia, making it the Tether-backed payments app’s ninth live market after expanding across Brazil, Argentina and Chile. The Colombia bet is aimed at a market already deep in dollar-stablecoin flows: Oobit cites Chainalysis data showing the Colombian peso ranks second globally by share of CEX stablecoin purchases. Its LATAM usage data is the real hook: Brazil activity is up 202% since November 2024, active users spend about $400 a month across 20 transactions, USDT leads payment volume, and groceries/supermarkets make up 35% of regional spend.

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Oobit launches in Colombia as Tether-backed crypto payments app reaches ninth market

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