Buy Crypto Markets Spot FuturesSKHYNIX Earn Event Center

OOB

9 Articles

Created: 2026/05/29 16:28

Updated: 2026/05/29 16:28

Tether-backed crypto payments app Oobit unlocks global bank transfers

Oobit tapped routing infrastructure provider DTR to unlock wallet transfers to 'any bank account worldwide.'

Author: Coinstats

2026/02/24

Toobit Brings Trading and Football Together With Its LALIGA Elite Championship

Toobit has announced its Elite Championship, a new trading campaign in collaboration with LALIGA, which offers traders a chance to compete for a total of 800,000

Author: Coinstats

2026/01/27

Oobit Integrates Phantom Wallet for Global Visa Payments

Tether-backed Oobit enables global Visa payments with Solana's Phantom wallet integration for stablecoin spending.Read more...

Author: Coinstats

2026/01/15

Oobit Integrates Phantom Wallet for Visa Payments Across 80+ Countries

Oobit adds Phantom Wallet support, enabling 15M users to make real-world crypto payments at Visa-enabled merchants across 80+ countries.Read more...

Author: Coinstats

2026/01/14

Tether-backed mobile wallet Oobit adds native Phantom support, expanding Solana’s ties to Visa

Oobit's DePay solution will enable Phantom users to make one-tap payments from their non-custodial wallets using Visa rails.

Author: Coinstats

2026/01/14

Toobit Expands Futures Suite with 200x Leverage for ETHUSDT Perpetual Contracts

Toobit, an award-winning global cryptocurrency exchange, today announces an upgrade to its futures trading suite: the introduction of 200x leverage for ETHUSDT

Author: Coinstats

2025/12/19

Solana news: Why VCI Global’s OOB Deal Didn’t Stop a 99.9% YTD Rout

The post Solana news: Why VCI Global’s OOB Deal Didn’t Stop a 99.9% YTD Rout appeared on BitcoinEthereumNews.com. Key Insights Solana news: VCI Global stock is down 99.9% YTD, including a 31% drop in four weeks. OOB deal largely non-cash: 98.4% of tokens came from share transfers; Tether got 39.8% of PIPE shares. Regulatory and listing risks: Missing 13D concerns and reliance on Kraken keeping OOB listed. Solana news rarely moves the needle for traditional equities, but VCI Global’s high-profile plunge into the Oobit ecosystem, backed by Tether and Solana co-founder Anatoly Yakovenko, made headlines when the company committed $100 million to OOB tokens on November 11, 2025. However, its Nasdaq-listed shares collapsed another 10.38% that week to $1.17, capping a staggering 99.9% year-to-date decline from an adjusted $1,440 opening price. The deal, detailed in an SEC filing the same day, handed Tether 39.8% of a PIPE issuance and named VCI Global treasury manager for the OOB Foundation, yet the market punished the stock relentlessly. The volume spiked to 5.7 million shares on December 4, triple the 30-day average, and market cap shrinking to just $7.66 million. Despite Solana’s blistering network growth, TVL up 20% to $10 billion in November per DefiLlama, and Oobit’s promise of tap-to-pay USDT at 100 million merchants, the marriage of Solana news and public-company exposure delivered a brutal reminder that crypto tailwinds don’t automatically lift every boat. The Deal That Sparked Solana News — And a Stock Rout VCI Global closed the first $50 million tranche on November 11, acquiring 250 million OOB tokens at $0.20 each via restricted shares. A second $50 million cash purchase followed Oobit’s November 12 listings on Kraken and KCEX. Tether, already the world’s largest stablecoin issuer with $183 billion in circulation, became VCI Global’s biggest shareholder overnight. Oobit itself had migrated to Solana weeks earlier for sub-second settlements, leveraging the chain’s 65,000 TPS capacity audited by OtterSec…

Author: BitcoinEthereumNews

2025/12/06

Tether hasn’t saved this OOB stock from a 99.9% YTD loss

The post Tether hasn’t saved this OOB stock from a 99.9% YTD loss appeared on BitcoinEthereumNews.com. If an investor were to read the SEC filings of VCI Global, they may find it difficult to understand its risky ties to Tether and Solana. Amid a sort of information vacuum and other executive disappointments in 2025, holding shares of VCI Global since their open of trading on a “100 million OOB token digital-asset-treasury transaction” announcement would have earned a 31% loss in less than four weeks. Longer term shareholders have performed even worse. Anyone’s investment since the start of the year has suffered a catastrophic, 99.9% loss. Year-to-date chart of VCI Global. Source: TradingView Oobit (OOB) is a tap-to-pay app that uses its proprietary token as well as stablecoins like Tether (USDT) for mobile device payments. VCI Global is a microcap Nasdaq stock with a market capitalization in the single-digit millions and a float of less than 24,000 shares. The company is based in Kuala Lumpur, Malaysia, and apparently has a problem with CEO impersonation fraud, according to a prominent notice on the company’s homepage. That’s just the beginning of its problems. On November 26, the company claimed to have acquired 4,174,603 additional OOB tokens “from the open market,” yet that disclosure refrained from mentioning that it acquired the vast majority of its OOB without any purchases, devoid of market forces from exchange listings of OOB. Specifically, the company already owned 250 million OOB tokens — priced before the token was trading on Kraken or other major exchanges. Its 4.1 million token purchase at $0.24 was merely an investment of $1 million. The company characterized the tiny purchase and 1.6% increase as the “initial phase of our US$50 million accumulation plan.” Focusing on what actually matters, 98.4% of the company’s OOB holdings were transferred by investors who received 50 million shares worth of VCI Global stock and pre-funded, immediately…

Author: BitcoinEthereumNews

2025/12/05

VCI Global Acquires US$100 Million in OOB Tokens, Strengthening Tether Partnership

VCI Global Limited has confirmed its acquisition of approximately US$100 million in OOB tokens. It has also been appointed Treasury Manager for the OOB digital-asset ecosystem. The deal strengthens its partnership with Tether Investment Limited, which holds the largest stake in OOB. This transaction signals a major step in VCI’s long-term digital asset strategy and […]

Author: Tronweekly

2025/11/13

VCI Global to Acquire $100M in OOB Tokens, joins Tether-Backed OOBIT

The post VCI Global to Acquire $100M in OOB Tokens, joins Tether-Backed OOBIT appeared on BitcoinEthereumNews.com. Malaysia-based VCI Global (Nasdaq: VCIG) announced plans to acquire $100 million in OOB tokens and oversee the digital treasury of OOBIT, a Singapore-based crypto payments platform launched in 2017. According to a Tuesday announcement, Tether will become the largest shareholder in VCI Global through its stake in OOBIT. Solana co-founder Anatoly Yakovenko, CMCC Global and 468 Capital are also investors. VCI Global acquired $50 million in OOB tokens from the OOB Foundation at a $200 million market capitalization, or $0.20 per token, by issuing company shares as payment. The company plans to purchase an additional $50 million worth of OOB tokens on the open market after its official launch. VCI is a technology and investment company that develops platforms spanning artificial intelligence, digital finance and data infrastructure. In February 2024, it raised $25 million in a Series A round to expand its crypto payments app. On Tuesday, the company’s shares fell by over 20% in early trading following the announcement. VCIG intraday performance. Source: Yahoo News Related: How TradFi banks are advancing new stablecoin models OOBIT races toward stablecoin payments OOBIT rolled out its crypto-to-fiat payments app in April 2022. The platform enables merchants to accept crypto payments and cash out their funds in fiat currency. Since May 2024, OOBIT has integrated with The Open Network to facilitate retail payments through Tether’s stablecoins USDt (USDT) and its gold-backed token, Tether Gold (XAUt). The crypto payments space is crowded with traditional payment infrastructure providers and fintech companies racing to enhance stablecoin payments. In October, Visa announced it was rolling out stablecoin support across four new blockchains. A few months earlier, in April, Stripe began testing its upcoming stablecoins payment network, Tempo. A March report by OOBIT revealed that 70% of crypto payments in the European Union were made for food and…

Author: BitcoinEthereumNews

2025/11/12

Recommended by active authors

Latest Articles

Top Technology Dividend Champions for July 2026: Microsoft (MSFT), Broadcom (AVGO), and Qualcomm (QCOM) Stand Out

2026/07/04 21:08

German Banks Expand Crypto Trading for Millions of Retail Customers

2026/07/04 21:06

3 Resilient Defense Stocks to Buy in July

2026/07/04 21:00

Next 100x Crypto: Pepeto Leads the Search as Bitcoin ETFs Post Record $4.5B Outflows While XRP Waits on the CLARITY Act

2026/07/04 21:00

Cardano Founder Says Leios Upgrade Will Deliver XRPL-Level Performance

2026/07/04 20:10

OOB

Recommended by active authors

Related Tags

Latest Articles

Top Technology Dividend Champions for July 2026: Microsoft (MSFT), Broadcom (AVGO), and Qualcomm (QCOM) Stand Out

German Banks Expand Crypto Trading for Millions of Retail Customers

3 Resilient Defense Stocks to Buy in July

Next 100x Crypto: Pepeto Leads the Search as Bitcoin ETFs Post Record $4.5B Outflows While XRP Waits on the CLARITY Act

Cardano Founder Says Leios Upgrade Will Deliver XRPL-Level Performance