Oobit launches real-time transfer infrastructure from non-custodial crypto wallets directly to bank accounts via local payment systems. The new service enables users to credit stablecoins in U.S. dollars, euros, Mexican pesos, and Philippine pesos within seconds instead of days.
Singapore-based FinTech platform Oobit announced the rollout of its Wallet-to-Bank infrastructure, eliminating reliance on correspondent banks when off-ramping digital assets into the traditional financial system. Funds from non-custodial wallets can now be sent directly to bank accounts through national payment rails — SEPA in Europe, ACH in the U.S., SPEI in Mexico, PIX in Brazil, and INSTAPAY in the Philippines.
According to the company, more than $150 billion in stablecoins are currently in circulation worldwide. Until now, a significant portion of these funds, when transferred into the banking system, moved through outdated correspondent banking networks, increasing settlement times and the number of intermediaries. The new mechanism enables transactions to be completed in seconds, bypassing multi-layered international banking chains.
Users can transfer funds to their own bank accounts or to third parties. Payments are initiated directly from a personal wallet via Oobit DePay technology, with digital assets remaining under the owner’s control until the transaction is confirmed. Settlements are processed through domestic payment systems in the respective countries, reducing costs and increasing transaction transparency.
The solution is designed for freelancers, international businesses, and cross-border personal transfers where speed and cost efficiency are critical. By leveraging local instant payment systems instead of traditional international banking channels, transfer times are reduced from days to seconds while cutting out unnecessary intermediaries.
At launch, payouts are supported in U.S. dollars (USD), euros (EUR), Mexican pesos (MXN), and Philippine pesos (PHP). The company also announced plans to expand the list of supported currencies and markets.
Oobit CEO Amram Adar stated that the inability to instantly withdraw funds to a bank account limited the everyday use of digital assets. According to him, moving away from the correspondent banking model allows stablecoins to operate at the same speed as internet services. As a result, stablecoins effectively form a new infrastructure layer for everyday payments directly integrated with banking systems across countries.
Previously, Oobit enabled stablecoin payments at more than 150 million merchant locations worldwide connected to Visa. The launch of direct bank transfers effectively closes the financial loop, from storage and transfers to merchant payments and bank withdrawals, without giving up self-custody of assets.
In March 2025, Oobit entered into a strategic partnership with stablecoin issuer StablR, announcing plans to develop an EU-compliant payment solution based on EURR and USDR stablecoins in line with MiCA regulation.
