VCI Global Commits $100M to OOB Tokens, Thrusting Tether-Backed Oobit Toward Mainstream Crypto Payments Dominance

CryptopulseElite
TON-0,59%
BTC-0,84%

Nasdaq-Listed Deal Positions Tether as Top Shareholder, Unlocking $500M+ in Transaction Volume and Bridging TradFi with Global Remittances by 2026

Strategic Investment Announcement & Ecosystem Boost

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 Tap-to-Pay Protocol: Revolutionizing Frictionless Crypto Commerce

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.

Leadership Perspectives & Integration Roadmap

“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:

  • Q4 2025: OOB token launch on Solana, with VCI’s Digital Treasury Division live for OOB staking and fee optimization, targeting 30% volume growth via Brazil/EU expansions.
  • Q1 2026: Multi-chain OOB interoperability with Arbitrum/Base, introducing OOB-backed credit lines for merchants and airdrops for 100,000+ app users.
  • Mid-2026: Sovereign integrations in Asia/Africa, embedding OOB as a remittance primitive for $300 million TVL, with Tether-led pilots for tokenized wages.

Incentives include 2x OOB rewards for early VCI platform integrations, already boosting 25% pre-launch deposits.

Oobit’s Genesis & Institutional Footprint

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 Token Metrics: Investment Catalyst Ignites Volatility

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.

  • Support: $0.18 (pre-deal floor, 50-day implied EMA from funding rounds)
  • Resistance: $0.25 (launch target, 200-day EMA aligned with Series A highs)
  • BTC Correlation: 0.82 beta, decoupling on payments narrative
  • Trading Volume: Pre-market $2.5 million (+200% WoW on DEX proxies like Uniswap)
  • Open Interest: $30 million (futures buildup on TON/Solana perps)
  • Sentiment Score: +75 (LunarCrush analog, spiked by VCI/Tether buzz)

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.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Ethereum Block Builder Titan Builder Earned $34.5 Million in Past 24 Hours, Surpassing Tether for Top Ranking

On March 13, DefiLlama data showed that Ethereum block builder Titan Builder earned $34.5 million in revenue over the past 24 hours, far exceeding Tether's $16.43 million. Due to excessive slippage on one transaction, Titan Builder profited approximately $34 million from it.

GateNews19h ago

Tether seeks a $500 billion valuation, becoming one of the world's most highly valued private companies

Tether CEO Paolo Ardoino is making the United States a core focus for expansion, with plans to complete audits by 2026. The company earned over billion in profits last year and currently holds approximately @E1@ billion in U.S. Treasury bonds. Meanwhile, Tether has launched the compliant token USAT and is investing across multiple sectors.

GateNews20h ago

GI-TOC Latest Report: USDT Becomes New Tool for Gold Laundering in Venezuela

The Global Initiative Against Transnational Organized Crime (GI-TOC) report indicates that Venezuela has become a major destination for illegal Amazon gold and conducts transactions through USDT (Tether), functioning as a money laundering hub. The article also discusses U.S. Congressional legislation targeting illegal gold mining, emphasizing the need to incorporate digital asset provisions to enhance effectiveness.

MarketWhisper03-13 05:08

White House Demands Retraction of Iran Drone Threat Reports to Prevent Public Panic Escalation

The White House has demanded that ABC News retract its report on a potential Iranian attack on California, stating it exaggerated the threat and relied on unverified information. While California's government has made preparations to respond, no imminent threat has been identified. Meanwhile, Iranian drones have become increasingly important in Middle East warfare, and cryptocurrency has also played a role in related supply chains. This incident demonstrates the critical importance of drones and digital currency in modern warfare.

GateNews03-13 02:14

Tether Chief Investment Officer Richard Heathcote Steps Down, Deputy Zachary Lyons Takes Over

Stablecoin Tether's Chief Investment Officer Richard Heathcote will step down and transition to an advisory role, with his deputy Zachary Lyons taking over. During his tenure, he led the company's investment strategy, particularly regarding USDT reserve management and multiple investment transactions. Tether's U.S. Treasury holdings are expected to increase to $122 billion by the end of 2025.

GateNews03-13 00:04
Comment
0/400
No comments