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

CryptopulseElite
TON-3,16%
BTC-1,65%

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

USDC surpasses Tether as stablecoin trading volume reaches an all-time high of $1.8 trillion

The trading volume of stablecoins has reached an all-time high, with Circle's USDC surpassing Tether's USDt, according to newly released data. USDC continuously surpasses USDt in trading volume According to data from Allium, the total trading volume of stablecoins reached $1.8 trillion in February, t

TapChiBitcoin4h ago

Blockchain payment company Utexo completes $7.5 million seed funding round, led by Tether and others

Utexo announces the completion of a $7.5 million seed round funding, led and participated in by multiple institutions. The company integrates Bitcoin, the Lightning Network, and the RGB protocol to provide payment operators with a single API access, enabling real-time USDT settlement, with features such as predictable transaction fees and fast settlement.

GateNews14h ago

Tether Backs Eight Sleep in $1.5B Health Tech Deal

Tether Investments invested in Eight Sleep to build AI-powered health intelligence tools using sleep and recovery data insights. Eight Sleep will integrate Tether’s QVAC edge AI architecture to process sleep and health data directly on devices. Tether Investments expands into health

CryptoFrontNews14h ago

USDC tops Tether as stablecoin transfers hit all-time high $1.8T

Stablecoins are delivering a liquidity surge unseen in recent cycles, with February marking a record on-chain transfer activity and signaling a shift in how capital moves through crypto markets. Allium’s data shows total stablecoin transfers climbed to $1.8 trillion in February, underscoring a

CryptoBreaking16h ago

Bitcoin Payments Expand as Utexo Secures $7.5M From Tether

Utexo has secured $7.5 million to enable direct USDT settlements on the Bitcoin network, reducing reliance on bridges and enhancing payment efficiency. Tether's investment signals strong market potential for Bitcoin as a stablecoin payment platform.

Coinfomania20h ago

Rumble latest financial report: holds 210.82 BTC, Tether commits $150 million for GPU service procurement

Rumble disclosed in its latest financial report that it holds 210.82 Bitcoins and $237.9 million in cash, with liquidity reaching $256.4 million. Tether will pay it $100 million in advertising fees and provide up to $150 million in GPU service procurement commitments to strengthen AI infrastructure collaboration.

GateNews23h ago
Comment
0/400
No comments