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Tether to Emerge as Largest Shareholder of VCI Global (NASDAQ: VCIG) Following $100 Million OOB Token Transaction
Globenewswireยท 2025-11-11 14:45
Group 1 - VCI Global Limited announced that Tether will become the largest shareholder following a USD 100 million OOB token digital-asset-treasury transaction [1] - Tether has a market capitalization of approximately USD 180 billion and holds tens of billions in U.S. Treasury bills and cash equivalents, making it the most widely used and asset-backed stable-coin globally [2] - The OOBIT ecosystem, supported by notable figures and firms, facilitates a decentralized payments platform for tap-to-pay and cross-border transactions [2] Group 2 - Following the transaction, VCI Global will integrate the OOB token into its digital-treasury initiative to support future projects in AI, fintech, and blockchain [3] - VCI Global focuses on developing scalable platforms across various sectors, including artificial intelligence and digital treasury systems, to capture opportunities in the digital economy [4] - The company's strategy emphasizes resilience, efficiency, and long-term value across multiple high-growth sectors [4]