Tether Backs Oobit’s Mobile Payment App With $25 Million Investment – Key Factors Revealed
Summary
Tether (USDT) invested in Oobit, a mobile payment app, raising $25 million in its Series A funding round. Oobit aims to enable crypto payments at over 100 million retailers worldwide, with Visa and Mastercard acceptance. Tether's investment arm led the funding round, with contributions from industry leaders and strategic investors. Additionally, Tether launched "Tether Edu," an educational initiative focused on digital skills development and promoting cryptocurrency acceptance, particularly in emerging economies.
