Why vci Is Trending Today?

Malaysia's VCI Global has agreed to purchase $100 million worth of OOB tokens from Oobit, a company backed by Tether. Following this deal, Tether has secured a majority stake in VCI Global.

VCI Global has purchased $100 million in crypto tokens, including a significant amount in OOBIT, Tether's payments arm. The company has unveiled a crypto treasury plan, backing OOBIT as part of this strategy. To further enhance security, OOBIT has upgraded to Fireblocks for institutional-grade digital asset protection. Additionally, OOBIT has integrated CCXT, providing traders with access to professional-grade trading systems. In a significant development, VCI Global has acquired $100 million in OOB tokens and been appointed as the treasury manager of the OOB Foundation, in partnership with OOBIT. Notably, Tether, the issuer of USDT with over $183 billion in circulation, is the largest shareholder in OOBIT.