Crypto payment provider Oobit has officially launched a native crypto-to-bank transfer service designed to bypass the friction of traditional correspondent banking. Announced on Tuesday, February 24, 2026, the new feature allows users to send assets directly from self-custody wallets into global bank accounts via local payment networks like SEPA in Europe, ACH in the United States, and SPEI in Mexico. Backed by Tether, the issuer of the world’s largest stablecoin, Oobit is positioning itself as the primary utility layer for a global audience that demands the security of private keys alongside the convenience of fiat settlement. By embedding the entire conversion and transfer process within a single app interface - leveraging infrastructure from Distributed Technologies Research (DTR), Oobit effectively eliminates the need for third-party off-ramps or centralized exchange intermediaries. This move lands as competition in the payments space reaches a fever pitch, transforming how 1.1 billion potential users interact with on-chain liquidity and traditional financial institutions.

• A seamless "one-tap" flow allows for instant conversion of Bitcoin and stablecoins into US dollars, euros, and pesos.
• The system utilizes domestic payment rails to ensure lower fees and faster settlement times compared to legacy international wire transfers.
• Discover how the partnership with DTR and Bakkt provides a regulated backbone for high-limit transfers reaching up to $50,000.

The integration of crypto-to-bank transfers within a self-custodial environment represents a fundamental shift in the crypto user experience. Traditionally, "off-ramping"—the process of turning digital tokens into spendable cash—required moving funds to a centralized exchange, waiting for confirmations, and then initiating a withdrawal to a bank. Oobit has simplified this into a native experience where the user maintains control of their assets until the moment of transfer.

This development follows the industry's broader push toward "everything apps." Much like TON Pay's recent debut to transform Telegram commerce, Oobit is focusing on the "last mile" of the transaction. By routing through networks like ACH and SEPA, Oobit ensures that a user in the US or Europe can pay their bills or send money to a family member's bank account using their on-chain balance as easily as using a standard banking app. This shift is critical as major university endowments like Harvard pivot toward Bitcoin, signaling that digital assets are no longer just for "HODLing" but are active components of a modern balance sheet.

The technical "plumbing" behind Oobit’s new feature is powered by Distributed Technologies Research (DTR), an infrastructure firm recently acquired by the ICE-backed platform Bakkt. This partnership allows Oobit to bridge the gap between the permissionless world of blockchain and the highly regulated world of domestic fiat networks. When a transfer is initiated, Oobit handles the initial crypto-to-USD conversion, transferring the value in USDT to DTR, which then executes the final foreign exchange and local bank deposit.

This sophisticated routing allows for competitive fees, with Oobit applying a 1% fee (or $1 minimum) and DTR adding a percentage-based fee between 0.65% and 1%. While this is happening, the regulatory landscape is becoming increasingly favorable for such integrations. The SEC's recent decision to slash stablecoin haircuts to 2% has made it more affordable for institutions to hold the very assets that Oobit uses for its settlement backend. Furthermore, as China tightens its grip on private stablecoins, Oobit’s expansion into markets like Mexico and the Philippines highlights the growing demand for dollar-linked liquidity in emerging economies.

Oobit’s rollout is part of a larger trend where fintech and blockchain are becoming indistinguishable. With more than 1,600 US banks now able to add stablecoin services through networks like Stablecore, the "crypto-to-bank" bridge is becoming a standard feature of the global financial stack.

As we look toward the future of DeFi, where abundance assets like solar energy are projected to drive a $50 trillion boom, the ability to move that value into local fiat rails becomes the essential utility. Oobit is not just building a wallet; it is building a global, borderless checkout layer that respects the decentralized ethos while providing the practical connectivity of a retail bank.

Quotes and Expert Opinions

“The end-user relationship, wallet custody and transaction experience remain entirely within Oobit. We are designing a payments layer that connects onchain assets to bank accounts without requiring users to hold funds on a centralized exchange.” — Amram Adar, Co-founder and CEO of Oobit

FAQs

How do crypto-to-bank transfers differ from using a crypto exchange?
Standard exchanges usually require you to deposit your crypto into their custody first. With Oobit, you initiate the crypto-to-bank transfer directly from your self-custody wallet. This means you keep control of your private keys until the moment you decide to send funds to a bank account.

Which local payment networks are supported for these transfers?
The service currently supports major local rails including SEPA (Europe), ACH (United States), and SPEI (Mexico). By using these local systems instead of the SWIFT network, Oobit can provide faster settlement and lower fees for the end user.

What currencies can I receive in my bank account?
Users can receive funds in US dollars, euros, Mexican pesos, and Philippine pesos. Oobit handles the conversion from assets like Bitcoin or Tether (USDT) into the local currency of the recipient's bank account automatically.

Are there limits on how much crypto I can send to a bank?
Yes, limits vary depending on the region and the specific payment corridor. Generally, minimum transfers start around 10 euros or $100 equivalent, while the maximum limit for a single transaction can reach up to $50,000 equivalent for verified users.