Through the Oobit platform, clients will be able to deposit Brazilian reals into the app's account and exchange them for the stablecoin. After that, users can spend USDT via PIX. Oobit representative Alex Obchaikevich noted that users will not notice any difference from traditional banking apps. Blockchain will essentially operate in the background. In February 2024, Oobit raised $25 million from Tether, Solana co-founder Anatoly Yakovenko, and other investors. With a market capitalization of $186.3 billion, USDT is the largest stablecoin, holding 58.8% of the market.