Tether-backed mobile wallet Oobit has expanded its crypto payment capabilities by adding native support for Phantom, one of the most widely used wallets in the Solana ecosystem. The move connects Phantom users directly to Visa’s global payment network, marking another step toward making crypto spending more practical in everyday life.
With the integration, Phantom’s more than 15 million users worldwide can now make payments at any merchant that accepts Visa, using crypto held in their self-custody wallets. The companies described the launch as a milestone for mainstream crypto adoption, noting that while blockchain technology has largely solved issues around speed and cost, spending digital assets in the real world has remained difficult for most users.
Oobit’s platform is designed to bridge that gap. It enables one-tap payments from noncustodial wallets such as Phantom and MetaMask, using a decentralized payment layer known as DePay. This system connects onchain crypto transactions with traditional Visa payment rails, converting cryptocurrency into local fiat currency at the point of sale.
Importantly, Phantom users retain full control of their funds until they approve a transaction. Payments are executed directly from the wallet, without preloading funds, bridging assets, or relying on intermediaries. When a user pays with stablecoins, the amount is deducted in real time, converted to fiat, and deposited directly into the merchant’s bank account, with settlement occurring instantly.
Oobit’s DePay service is currently live in several key markets, including the United States, Brazil, South Korea, the Philippines, and Thailand. These regions overlap with some of Phantom’s largest user bases. In December, Oobit also partnered with Bakkt to extend its tap-to-pay coverage across all 50 U.S. states, further strengthening its payments footprint.
The company has attracted notable backing from across the crypto industry. Solana co-founder Anatoly Yakovenko co-led Oobit’s $25 million Series A funding round alongside Tether, CMCC Global, and 468 Capital. Reflecting its growing alignment with Solana, Oobit migrated its rebranded OOB token from Ethereum to Solana in late 2025.
We’re excited to announce that Oobit is officially migrating $OBT to Solana!
— Oobit (@oobit) November 9, 2025
Migration starts today, November 9 — start your migration here: https://t.co/AtrJyFs0hy
⚠️This is the only official migration link — be cautious of fakes.
Oobit has also drawn interest from institutional players. In November, Malaysia-based VCI Global announced plans to invest $100 million in OOB tokens and manage Oobit’s digital treasury. At the time, VCI said the arrangement would position Tether as a major stakeholder in the firm.
As crypto wallets continue to grow in scale, partnerships like this one aim to close the gap between holding digital assets and using them in daily transactions. By combining self-custody, stablecoins, and established payment networks, Oobit and Phantom are testing whether crypto can finally move from the screen to the checkout counter.
