According to ChainCatcher, citing market news, Oobit, a mobile wallet supported by Tether, has announced a native integration with Phantom, a Solana ecosystem wallet. Users can now use stablecoins to make one-click payments at Visa-accepting merchants worldwide through Oobit's DePay system. Funds are deducted in real-time from the wallet and automatically converted into fiat currency, without the need for pre-transfers or intermediaries. Solana co-founder Anatoly Yakovenko participated in Oobit's $25 million Series A funding round.
Tether-Backed Wallet Oobit Integrates Phantom to Enable Solana Payments via Visa Network
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Summary
Tether-backed wallet Oobit has integrated Phantom to support Solana-based payments through Visa using its DePay system. Users can now spend stablecoins at Visa-accepting merchants worldwide, with real-time deductions and automatic conversion to fiat currency. This integration promotes ecosystem growth by expanding Solana's utility. Oobit's move follows a network upgrade that improves cross-chain functionality. Solana co-founder Anatoly Yakovenko participated in Oobit's $25 million Series A funding round.
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