Oobit has expanded its Tether-backed non-custodial crypto payments platform to Guatemala and Paraguay, extending its Latin American footprint as demand for stablecoin-based payments continues to grow across the region.
The launch allows users in both countries to spend and send cryptocurrencies anywhere Visa is accepted, covering more than 150 million merchants worldwide across online and in-store transactions.
Users will also be able to join the waitlist for Oobit’s AI Agent Cards.
Oobit expands LATAM footprint
The expansion marks Guatemala and Paraguay as Oobit’s 10th and 11th markets in Latin America, joining countries including Brazil, Colombia, and Bolivia.
Through Oobit’s non-custodial Visa card, users can make payments directly from supported wallets such as Phantom, MetaMask, Binance, and Trust Wallet while retaining custody of their digital assets. Merchants receive settlement in local currency.
According to the company, this approach differs from several crypto payment offerings currently available in Guatemala and Paraguay that require users to transfer assets to custodians or do not provide Visa card acceptance.
Tether, a strategic investor in Oobit, has supported the company’s regional expansion through its infrastructure investments in Latin America and its efforts to expand $USDT distribution.
Platform data highlights stablecoin spending
Oobit’s internal data points to increasing use of cryptocurrencies for everyday purchases across Latin America.
The company said average spend per user reached $1,168 in June, while daily average spending increased from about $80 in March to around $200 in June. Peak daily spending exceeded $480 during the period.
Monthly average spending per user climbed 97.7% in May, with transactions concentrated in categories such as groceries, restaurants, taxis and ride-hailing, fast food, and convenience stores.
Stablecoins accounted for a significant share of activity on the platform. $USDT represented 47% of all payments, while Brazil remained Oobit’s largest regional market, accounting for 61% of its users.
Users in Guatemala and Paraguay will also gain access to the company’s OOB cashback programme.
During the past 30 days, 74% of swaps were from $USDT to OOB, while another 18% were from USDC to OOB. Users who swap into OOB before making purchases can receive up to 10% cashback.
Crypto adoption gains momentum
The launch comes as cryptocurrency adoption continues to increase across Guatemala, Paraguay, and the broader Latin American region.
According to the company, remittances account for nearly 20% of Guatemala’s GDP, while crypto adoption grew 88% in a single quarter during 2025.
The country has more than 2,700 crypto ATMs and introduced its proposed Cryptocurrency Law, Bill 6538, in May 2025.
Paraguay recorded 52% crypto growth in the second quarter of 2025.
A tax reporting framework introduced in January 2025 has also contributed to a more formalized market environment, while Oobit said it had already seen organic user activity in the country before the official launch.
Across Latin America, crypto transaction volume reached nearly $1.5 trillion between July 2022 and June 2025.
The company said stablecoins continue to play a central role in regional adoption, with 61% of crypto users aged 18 to 34 using digital assets for remittances and $USDT accounting for more than half of exchange buying in key Latin American markets.
The Guatemala and Paraguay launches follow Oobit’s expansion into Colombia in May and the addition of native Pix payment functionality in Brazil, as the company continues to build payment infrastructure for stablecoin use across the region.
