Tether Secures Stake in VCI Global via $100M OOB Token Deal
Tether has secured a majority stake in Nasdaq-listed VCI Global through a $100 million digital asset transaction involving OOBIT’s native OOB token. As part of VCI Global’s $50 million restricted share issuance to the OOB Foundation and a $50 million cash purchase after the OOB token public launch, Tether—already the largest stakeholder in OOBIT—will receive significant VCI Global shares. VCI Global aims to integrate OOB token utility into its AI, fintech and sovereign data platforms, positioning itself as a digital asset innovator. OOBIT, backed by Tether, CMCC Global and Solana co-founder Anatoly Yakovenko, is migrating OOB from Ethereum to Solana by November 12. This deal reflects Tether’s broader strategy to extend its influence beyond its $183 billion USDT market cap, complementing prior investments in Bit2Me and Zengo and its top-20 global U.S. Treasury holdings. Traders should watch for increased demand for OOB token and market shifts as token adoption accelerates.
Bullish
Tether’s acquisition of a controlling stake in VCI Global via a high-profile OOB token deal underscores growing institutional endorsement of digital assets. Historically, Tether’s strategic investments—such as stakes in Bit2Me, Zengo and Rumble—have driven positive token sentiment and trading volumes. By integrating OOB token utility into VCI Global’s AI and fintech platforms, this move could boost demand for OOB and strengthen market confidence in stablecoin-backed ventures. In the short term, traders may see a rally in OOB token prices and increased liquidity, while long-term implications include broader token adoption, enhanced platform partnerships and sustained bullish momentum across related digital assets.