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Crypto Assets payment company Oobit plans to integrate stablecoins issued by stablecoin provider StablR in euros and US dollars.
According to Techub News and reported by The Block, the cryptocurrency payment company Oobit announced the integration of the euro stablecoin EURR and the US dollar stablecoin USDR issued by the stablecoin provider StablR, allowing users to receive a 5% stablecoin cashback when using EURR or USDR.
Oobit and StablR have received investment from Tether, and StablR holds an Electronic Money Institution (EMI) license issued by the Malta Financial Services Authority, utilizing Tether's Hadron asset tokenization platform for compliance audits. In 2024, Oobit raised $25 million in Series A funding led by Tether, with investors including Solana co-founder Anatoly Yakovenko and others.