Nasdaq-Listed Deal Positions Tether as Top Shareholder, Unlocking $500M+ in Transaction Volume and Bridging TradFi with Global Remittances by 2026
Nasdaq-listed VCI Global Limited (VCIG) has unveiled a landmark $100 million acquisition of OOB tokens, the utility asset powering Oobit—a Tether-backed crypto payments platform—announced on November 11, 2025. The deal splits evenly: $50 million via restricted shares issued to the OOB Foundation at a $200 million valuation ($0.20 per token), and $50 million in cash purchases on the secondary market post-launch. This positions VCI as Treasury Manager for the OOB ecosystem, overseeing digital assets amid Tether’s majority stake in Oobit, which commands $183 billion in USDT circulation. Backed by Solana co-founder Anatoly Yakovenko, CMCC Global, and 468 Capital, the move could inject 15-20% more liquidity into Oobit’s tap-to-pay network, processing $50 million in beta transactions across Brazil and Europe where 92% leverage stablecoins like USDT. With Oobit’s app enabling non-custodial spends at 100 million+ Visa/Mastercard merchants, this alliance amplifies cross-border remittances—projected at $800 billion annually—while VCI’s fintech platforms integrate OOB for AI-driven yield strategies, potentially elevating Oobit’s user base from 500,000 to over 2 million by mid-2026.
Oobit’s core innovation lies in its non-custodial mobile protocol, harnessing MPC-secured wallets and blockchain oracles for atomic swaps that convert crypto to fiat at point-of-sale, bypassing the 5-10% fees and 24-48 hour delays of legacy on-ramps like MoonPay or centralized exchanges. Traditional payment rails like Visa impose 2-3% merchant fees and custody risks, while early crypto apps like Crypto.com Wallet lock users into custodial models vulnerable to hacks (e.g., $600 million Ronin breach), but Oobit’s TON-integrated layer—enhanced by recent Solana migration—delivers sub-second settlements at $0.001 fees via USDT/XAUt, supporting 86% of its Brazil beta volume. Users tap via NFC from self-custody wallets (e.g., MetaMask, Phantom), with merchants receiving instant fiat via ISO 20022-compliant rails, slashing FX risks by 40% for remittances and enabling Web3 perks like staking OOB for 5% APY rebates on $500+ spends. This composability extends to DeFi primitives, allowing OOB-locked liquidity pools for yield farming, outperforming rivals like Strike in UX (one-tap vs. multi-step) and interoperability across Ethereum, TON, and Solana—paving a seamless bridge for the unbanked, where 70% of EU crypto spends hit retail under $10.
“This is more than a digital-asset deal—it represents a major step toward expanding the real-world utility and growth of the Oobit ecosystem,” stated Moshe Schisser, Chairman of Oobit, emphasizing the synergy with VCI’s Nasdaq governance.
VCI’s phased execution ramps up:
Incentives include 2x OOB rewards for early VCI platform integrations, already boosting 25% pre-launch deposits.
Launched in 2017 as a Singapore-based FinTech by serial entrepreneurs, Oobit pivoted from custodial wallets to non-custodial tap-to-pay in 2022, securing $25 million in Series A funding led by Tether in 2024 amid a $1.2 trillion global payments market ripe for disruption. Evolving via TON partnerships for retail scalability and audited by PeckShield for zero exploits, it hit 500,000 downloads by Q3 2025, with $50 million beta volume—92% stablecoin-driven—capturing 2% of Brazil’s $150 billion remittance flow. At a $200 million pre-launch valuation, Oobit trails giants like Stripe ($50B valuation) but leads in crypto-native UX, bolstered by Tether’s reserves and Yakovenko’s Solana ties; retroactive grants from TON Foundation underscore its 15% share of emerging-market crypto spends, positioning it for 3x growth against peers like BitPay in a sector eyeing $500 billion tokenized volume by 2027.
OOB, pre-launch but valued at $0.20 in the deal as of November 12, 2025, implies a $200 million market cap at full dilution—up from beta whispers of $0.15, correlating 0.82 with USDT stability amid Bitcoin’s hover near $115,000.
A 50% treasury-to-volume ratio benchmarks above stablecoin utilities like BUSD relics, with 1 billion circulating supply eyeing $0.28 post-launch—signaling 40% upside—though sub-$0.16 risks on regulatory delays. The $100M infusion projects 3x protocol fees in Q4, anchoring Oobit’s payments ascent.
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