Tether to emerge as largest shareholder of VCI Global following OOB token deal

Tether to emerge as largest shareholder of VCI Global following OOB token deal
Tether to emerge as largest shareholder of VCI Global following OOB token deal

VCI International (VCIG) Limited announced that Tether, a stablecoin issuer, is set to emerge as VCIG’s largest shareholder after completing a $100 million OOB token digital asset treasury deal. Tether has a market cap of about $180 billion and holds tens of billions in US Treasury securities and cash equivalents in reserve. Following the transaction, VCIG will integrate the OOB token within its $100 million digital treasury initiative to support future AI, fintech and blockchain projects within the Nasdaq-listed governance framework.

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The post Tether to emerge as largest shareholder of VCI Global following OOB token deal first appeared on Investorempires.com.