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Oobit's Tether Payments Launch in Colombia
Description
Oobit, a Tether-backed crypto payments platform, launches in Colombia, marking its ninth Latin American market. This non-custodial setup allows users to spend digital assets directly from their wallets through Visa, reaching over 150 million merchants in 80+ countries. Colombia ranks second globally for stablecoin buys on centralized exchanges. USDT leads transactions, outpacing Oobits token and USDC. Stablecoins are gaining traction for everyday purchases in emerging markets, with Mercado Libres Meli Dollar transfers in Brazil, Mexico, and Chile. Bitsos report shows stablecoins accounted for 40% of crypto purchases last year, doubling Bitcoins share, as people use them for payments over speculation. Africa is also adopting Bitcoin as daily cash, with merchants accepting satoshis directly.
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