Tether secures majority stake in Nasdaq-listed VCI Global following $100M OOBIT deal

Tether's acquisition of a majority stake in VCI Global for $100 million marks a significant development in the cryptocurrency sector. By securing this stake through the OOBIT token, Tether not only enhances its portfolio but also solidifies its position as a key player in the digital asset market. VCI Global, a technology consulting services firm, stands to benefit from Tether's resources and expertise, potentially leading to innovative projects and collaborations. This transaction reflects the increasing convergence of traditional finance and cryptocurrency, as established firms like Tether seek to expand their influence and operational capabilities in a rapidly evolving landscape.