5 February, 2024 Tether, the largest company in the cryptocurrency industry, has announced its investment in Oobit, a mobile payment application. The Series A funding round has concluded with $25 million raised for Oobits ongoing development, supporting its goal of mainstream cryptocurrency adoption. This aligns with Tethers vision of a financially inclusive world.Oobits mobile payment app empowers crypto holders to Tap & Pay at over 100 million retailers worldwide, accepting Visa and Mastercard. In the pipeline, future updates to Oobit will enable customers to make crypto payments while ensuring that merchants seamlessly receive fiat currency in return, mirroring the simplicity of customers paying with a credit card.The Series A funding round, led by Tethers investment arm, saw significant participation from pivotal industry leaders and strategic investors. Notable contributors include CMCC Globals Titan Fund, 468 Capital, and Anatoly Yakovenko, Co-founder of Solana.Tethers strategic investment in Oobit underscores our unwavering dedication to welcoming new users into the cryptocurrency ecosystem, said Paolo Ardoino, CEO of Tether.