VCI Global, a Malaysia-based technology and investment firm, has announced a strategic move to acquire $100 million in OOB tokens and manage the digital treasury of OOBIT, a Singapore-based crypto payments platform. This acquisition will make Tether the largest shareholder in VCI Global through its stake in OOBIT. The deal involves an initial purchase of $50 million in OOB tokens from the OOB Foundation at a valuation of $200 million, with plans to acquire an additional $50 million worth of tokens on the open market. OOBIT, launched in 2017, facilitates crypto-to-fiat payments, allowing merchants to accept cryptocurrency and convert it to fiat. The platform has integrated with The Open Network to support payments using Tether's stablecoins, USDt and Tether Gold. Despite the strategic partnership, VCI Global's shares fell over 20% in early trading following the announcement.