VCI Global to Acquire $100 Million in OOB Tokens as Tether Becomes Majority Shareholder

Nasdaq-listed VCI Global has agreed to purchase $100 million worth of OOB tokens from crypto payment platform Oobit. The transaction comprises a $50 million restricted share issuance to the OOB Foundation and an additional $50 million in secondary market purchases. The deal will make Tether VCI Global's largest shareholder through its stake in Oobit, according to the company.