BlockBeats News, November 12 — According to The Block, Malaysian technology consulting firm VCI Global plans to acquire $100 million worth of OOB tokens. OOB is the utility token of Oobit, a crypto payment company supported by Tether. Under the transaction structure, VCI Global has acquired $50 million worth of OOB tokens by issuing restricted shares to the OOB Foundation. The company stated on Tuesday that it plans to repurchase an additional $50 million worth of tokens on the secondary market after the token public offering. VCI Global said that upon completion of the transaction, Tether will become its largest shareholder.
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
USDT supply reaches a new all-time high of 188 billion USD, with 550 million users relying on payment savings
Tether CEO Paolo Ardoino announced on April 21 that the circulating supply of USDT has reached a new all-time high of $188.0 billion, further widening its lead over competitors and making it the third-largest crypto asset by market cap, trailing only Bitcoin and Ethereum. Ardoino emphasized that more than 550 million users in emerging markets currently rely on USDT for everyday payments.
MarketWhisper19h ago
USDT supply hits fresh $188b ATH as Tether tightens grip on stablecoins
Tether CEO Paolo Ardoino says USDT supply has hit a record $188b, cementing the stablecoin's dominance as broader stablecoin liquidity sits near all-time highs.
Summary
Tether CEO Paolo Ardoino says USDT supply has reached a record $188 billion.
The new peak comes weeks after stablecoins hit a
Cryptonews04-21 16:19
Tether Issues 2B USDT on Ethereum in 3 Days
Gate News message, April 21 — According to Lookonchain monitoring, Tether issued 2 billion USDT on Ethereum over the past 3 days.
GateNews04-21 08:16
Scammers Pose as Iranian Authorities to Extort Stranded Shipowners in Bitcoin and Tether
Gate News message, April 21 — Unknown actors sent fraudulent messages to shipping companies with vessels stranded west of the Strait of Hormuz, claiming to be Iranian authorities and offering safe passage in exchange for fees paid in Bitcoin or Tether, according to Greek risk firm MARISKS. The messa
GateNews04-21 07:41
Tether Acquires 8.2% Stake in Antalpha, Gaining Exposure to Bitcoin Lending Platform
Tether-affiliated entities invested $25 million in Antalpha, acquiring 8.2% ownership at the IPO price of $12.80 per share. Antalpha, a fintech platform for Bitcoin mining, reported strong financials, but shares fell over 27% post-disclosure.
GateNews04-21 06:11
Tether buys Antalpha’s shares for an 8.2% stake; the chairman has voting and disposal rights
According to the Schedule 13D filing submitted to the U.S. Securities and Exchange Commission (SEC) on April 20, Tether holds 1,950,000 shares of the Bitcoin mining financial platform Antalpha through affiliated entities, representing a 8.2% ownership stake. Tether chairman Giancarlo Devasini has voting and disposition rights over the aforementioned shares.
MarketWhisper04-21 02:14
