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 under its Nasdaq-listed governance framework.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VCIG:
- VCI Global acquires $100M in OOB tokens
- VCI Global Closes $5 Million Direct Offering to Strengthen Financial Position
- VCI Global to sell 2.778M shares at $1.80 in registered direct offering
- VCI Global Limited Announces $5 Million Securities Offering
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories!