MarketPR
Oobit, a crypto payments company backed by stablecoin issuer Tether, is bringing USDT — Tether's dollar-pegged digital token — to PIX, Brazil's national instant-payment network with a user base of nearly 170 million.
The integration puts a crypto asset directly inside the infrastructure Banco Central do Brasil built in 2020 and that Brazilians now use for everyday transfers.
What PIX Actually Is PIX is Brazil's central-bank-operated instant payment system, launched in 2020 and designed to replace slower legacy transfer methods.
Banco Central do Brasil — the country's monetary authority — created the network, which has grown into one of the most widely adopted digital payment systems anywhere in the world.
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