Tether leads $25M round for crypto payments firm Oobit
Tether led the $25 million Series A round for crypto payments firm Oobit. Solana co-founder Anatoly Yakovenko also backed the platform’s investment round. Oobit, a mobile payments firm that allows users to pay with crypto , has raised $25 million in its Series A funding round . Stablecoin issuer Tether led the crypto platform’s funding round , which also attracted the backing of CMCC Global, 468 Capital and Solana co-founder Anatoly Yakovenko. The financing will help Oobit continue its development as it looks to achieve mainstream adoption, Tether noted in a press release. “ Tether’s strategic Investment in Oobit underscores our unwavering dedication to welcoming new users into the crypto currency ecosystem ,” said Paolo Ardoino, CEO of Tether. He added: “ Our support is founded on a mutual vision to drive the widespread adoption of cryptocurrencies on a global scale. Oobit, in our perspective, stands as a ...
