Crypto payments platform Oobit has raised $25 million in a Series A funding round led by Tether, with participation from CMCC Global's Titan Fund, 468 Capital, and Solana co-founder Anatoly Yakovenko. This brings Oobit's total funding to $28 million, following a $3 million seed round in December 2020. Oobit's mobile app allows users to make crypto payments at over 100 million retailers worldwide that accept Visa and Mastercard. The company is also working on an update to enable merchants to receive fiat currency while customers pay with cryptocurrencies. Tether's investment in Oobit aims to drive the global adoption of cryptocurrencies and facilitate frictionless transactions for crypto holders.