Tether Leaps with $25M Oobit Investment as Stablecoin Issuer Sits on Profits

Tether, the world’s largest cryptocurrency company by market cap, has led a $25 million Series A funding round for Oobit, a company dedicated to simplifying crypto payments. This investment marks a pivotal step towards integrating cryptocurrencies into everyday transactions, enabling crypto holders to use their digital assets at over 100 million retailers worldwide. The funding round also saw contributions from notable investors, including CMCC Global’s Titan Fund, 468 Capital, and Anatoly Yakovenko, the co-founder of Solana (SOL).