Oobit adds Cash App deposits for US stablecoin users

Oobit has introduced Cash App deposits for users in the United States, allowing them to fund Oobit accounts directly from their Cash App balances.

The move connects Oobit's stablecoin payment service with one of the largest consumer finance apps in the US. Cash App reported 60 million monthly transacting active users in September.

To add funds, users open Oobit, select "Add Money", choose Cash App and enter an amount. They can review fees and the estimated amount to be received before approving the transfer through Cash App.

After processing, the money appears in an Oobit balance as either USDT or USDC, depending on the user's choice. A provider fee applies and network fees may also apply. Failed or expired deposits are returned to the user's Cash App account.

The integration is intended to reduce the steps usually involved in using stablecoins for payments. Consumers often need to open an account with a cryptocurrency exchange, buy digital assets and move them into a separate wallet before they can spend them.

Oobit said the new deposit option lets users start with funds already held in a familiar finance app rather than buying cryptocurrency independently. Oobit is backed by Tether, the issuer of USDT.

Once funded, Oobit accounts can be used across a range of payment options on the platform. These include an Oobit payment card, which can be used at more than 150 million merchants worldwide, supported local QR payment systems for international travel, and international transfers through local and cross-border payment methods.

Oobit has also been building tools for AI-assisted commerce. Under its Oobit AI Payments service, connected AI assistants can complete approved purchases using one-time virtual cards generated for individual transactions.

Cash App has been expanding its role in US financial services. In its third-quarter 2026 shareholder letter, Block said Cash App recorded USD $86 billion in inflows during the quarter and had 9.4 million primary banking active users.

Block also said it was using Bitcoin and stablecoins to support Cash App's expansion. That places the Oobit launch within a broader push by finance and payments groups to connect established consumer apps with blockchain-based payment infrastructure.

Everyday use

Stablecoins are digital assets designed to maintain a steady value against an underlying currency such as the US dollar. Backers argue they offer a practical route for online payments and cross-border money movement, but mainstream use has been slowed by the complexity of acquiring and managing them.

Amram Adar, Co-Founder and Chief Executive Officer of Oobit, said the company wanted to remove some of that friction for US consumers.

"Most people don't think about payment infrastructure when they're buying coffee, shopping online, or sending money to family. They just want their money to work," Adar said.

"By connecting Cash App deposits to Oobit, we're making it easier for Americans to access stablecoin payments through a financial service they're already familiar with," he added.

The feature supports deposits from Cash App into Oobit only. Transfers in the other direction are not supported through the integration.

Consumer bridge

The new option reflects a broader effort across the digital asset sector to present blockchain-based payment tools through familiar consumer interfaces rather than specialist crypto services. For companies such as Oobit, that means trying to make stablecoins useful without requiring users to take an active interest in cryptocurrency markets.

Adar said the purpose of digital money would depend on what users could do with it after funding an account.

"The value of digital money comes from what people can actually do with it," he said.

"A single deposit should give someone the flexibility to make everyday purchases, pay while traveling, or send money internationally. We're focused on making those experiences more connected and accessible."

He added that broader uptake would depend on practical use rather than interest in crypto itself.

"Stablecoins have enormous potential, but adoption depends on making them useful to people who aren't necessarily interested in crypto itself," Adar said.

"We believe the future of payments is about connecting the money people already have with the places they want to spend it."