Oobit integrates rewards redemption into a stablecoin payments flow by letting users convert earned points into USDC or USDT inside a wallet-native experience. In this model, points function as an internal accounting unit that can be redeemed into a specific stablecoin balance, which can then be spent through card rails or moved on-chain depending on the user’s setup.
Rewards points typically accrue from eligible payment activity and are tracked in an in-app rewards ledger separate from the user’s on-chain assets. When points reach a minimum redemption threshold (set by the program), they become eligible for conversion into a stablecoin. Redemption eligibility can also be tied to account status checks such as identity verification and risk controls, ensuring that redeemed value can be settled and withdrawn through supported rails.
Points-to-stablecoin conversion is usually performed using a defined exchange rate (for example, a fixed “points per 1 USDC/USDT” schedule or a tiered table that reflects the user’s rewards level). At redemption time, the system calculates (1) the points debited, (2) the stablecoin amount credited, and (3) any program-level adjustments such as promotional multipliers or tier bonuses. The resulting output is a USDC or USDT credit to the user’s stablecoin balance, after which it can be used like other stablecoin funds for payments or transfers.
Once redeemed, USDC or USDT is generally made available for spending and transfer under the same settlement and compliance rules as other stablecoin balances. In a wallet-connected payments design, spending can be executed through a single authorization that triggers conversion and settlement while the merchant receives local currency through card rails. Redeemed stablecoins can also be used for wallet-to-bank transfers where supported, converting stablecoin value into fiat payout through local banking rails (such as SEPA, ACH, or PIX) depending on jurisdiction and product configuration.
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