The latest tranche comprised 4,174,603 OOB tokens, acquired at an average price of approximately US$0.24 per token, representing a total investment of US$1 million. This brings VCI Global's total OOB holdings to approximately 254.2 million tokens, further strengthening its position as the largest single token holder and exclusive treasury manager of the OOB ecosystem. The acquisition reflects VCI Global's conviction in the accelerating stablecoin-driven payments landscape and the strategic importance of the Oobit ecosystem.
Stablecoin Era Accelerates: Foundation of OOB Token Value
The expansion is driven by the rapid global adoption of Tether's USDT, now the dominant digital settlement currency across exchanges, merchants, and cross-border payment rails. Key metrics include:
USDT supply: Over US$180 billion in circulation
U.S. Treasury holdings by Tether: Over US$120 billion
USDT transaction volume (2023): Exceeded US$12 trillion, surpassing Visa and Mastercard
Stablecoin settlement throughput: Now outpacing traditional card networks
As stablecoins increasingly become the global standard for digital settlement, Oobit—Tether-aligned and built to enable stablecoin spending—serves as the gateway connecting USDT and future stable assets to real-world merchant acceptance. The OOB token functions as the native incentive, reward, and ...
