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Tether to emerge as largest shareholder of VCI Global following OOB token deal
Yahoo Finance· 2025-11-12 22:50
VCI Global (VCIG) Limited announced that Tether, a stable-coin issuer, is set to emerge as the largest shareholder of VCIG following the completion of a $100M OOB token digital-asset-treasury transaction. Tether has a market capitalization of approximately $180B and maintains tens of billions of U.S. Treasury bills and cash equivalents in reserve. Following the transaction, VCIG will integrate the OOB token within its $100M digital-treasury initiative to support future AI, fintech, and blockchain projects ...
VCI Global Acquires US$100 Million in OOB Tokens and Is Appointed as Treasury Manager of OOB Foundation, in Partnership with OOBIT, Where Tether (USDT Issuer with US$183 Billion in Circulation) Is the Largest Shareholder
Globenewswire· 2025-11-11 20:59
The OOB Token will serve as the utility and incentive token within the OOBIT ecosystem, powering payments, rewards, and cross-border transactionsKUALA LUMPUR, Malaysia, Nov. 11, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”) today announced the acquisition of approximately US$100 million (book value) in OOB tokens and its appointment as Treasury Manager for the OOB digital-asset ecosystem, in which Tether Investment Limited (“Tether”) holds the largest ownership s ...