The global payment app Oobit supported by Tether is now live with wallet transfer functionality, enabling cryptocurrency transfers to any bank account worldwide, ensuring transparent transactions and quick settlements. It covers multiple fiat currencies and cryptocurrencies, with plans to expand to more markets in the future.

PANews January 14 News, according to The Block, Tether-supported mobile wallet Oobit announced native integration with the Solana ecosystem wallet Phantom. Users can make stablecoin payments at Visa-supported merchants worldwide through Oobit's DePay system with one click. Funds are deducted in real-time from the wallet and automatically converted to fiat currency, with no pre-transfer or intermediary required. Solana co-founder Anatoly Yakovenko was involved in Oobit's $25 million Series A funding.

Malaysian technology consulting firm VCI Global plans to acquire $100 million worth of OOB tokens. The transaction was completed with a $50 million purchase through the issuance of restricted shares to the OOB Foundation, and an additional $50 million will be bought back through the secondary market. After the transaction, Tether will become VCI Global's largest shareholder.

PANews November 12 News, according to Cointelegraph, Malaysia-based VCI Global (Nasdaq: VCIG) announced plans to purchase $100 million worth of OOB tokens and oversee the digital treasury of Singapore-based cryptocurrency payment platform OOBIT. Additionally, Tether will become VCI Global's largest shareholder through its holdings in OOBIT. It is reported that Solana co-founder Anatoly Yakovenko, CMCC Global, and 468 Capital are also investors. VCI Global acquired $50 million worth of OOB tokens from the OOB Foundation by issuing company shares as payment, valuing the company at $200 million (i.e., $0.20 per token). The company plans to officially launch and then...