The cryptocurrency payment app Oobit has completed a $25 million Series A funding round, led jointly by Tether and others

ChainCatcher news, according to CoinDesk, the crypto payment application Oobit announced the completion of a $25 million Series A funding round, led by Tether's investment firm, CMCC Global's fund Titan Fund, 468 Capital, and Solana co-founder Anatoly Yakovenko. Oobit declined to disclose the specific valuation of this investment.

Oobit stated that the company plans to open cryptocurrency payment features to third-party wallets, which may drive Oobit to transform into a non-custodial crypto payment application.