Rumble wallet rolls out with Tether’s USDT for creator payments
March 26 2025 - 9:33AM
Cointelegraph
Canadian YouTube alternative Rumble announced the launch of its
wallet with support for Tether’s USDT stablecoin.
In a March 26 X post, Rumble CEO
Chris Pavlovski said Rumble Wallet will be used for content creator
monetization. He promised it would work better than most
advertisers and that it would use Tether’s USDt
(USDT). Tether CEO
Paolo Ardoino showed his appreciation for the initiative, referring
to it as “A wallet for the people” in an X post.
Related: Tether seeks Big Four firm for its first full
financial audit — Report
A flurry of investments
The announcement follows Tether investing $775
million in Rumble in late 2024. Ardoino wrote at the time that
the company “deeply believes in the fundamental values of freedom
of speech and financial freedom.”
Source: Paolo
Ardoino
It is one of several major investments recently made by the $143
billion stablecoin issuer.
Reports from 2024 indicated that Tether was the seventh-largest
holder of US Treasury securities globally, surpassing many
nation-states.
In February, Tether acquired a
majority stake in Juventus FC, a major Series A football club
based in Turin, Italy. During the same month, the stablecoin
operator
sought to acquire a majority stake in South American
agribusiness firm Adecoagro.
Rumble also recently began investing its capital,
acquiring over
$17 million worth of Bitcoin (BTC) earlier this month. The firm announced its new
strategy in late November 2024, when it voiced its intention to
spend up to $20 million adding Bitcoin to its balance sheet.
Rumble was founded in late 2013 as a YouTube alternative for
small content creators. The platform saw a significant influx of
users from 2020 onward, at the start of the COVID-19 pandemic.
Viewership increased
from 1.6 million users in 2020 around the US election time to 31.9
million by the end of the first quarter of 2021.
Related: Trump Media looks to partner with
Crypto.com to launch ETFs
Rumble’s foray into the US
Venture capitalists backed the platform, including current US
Vice President J.D. Vance and former PayPal CEO Peter Thiel. At the
end of 2021, US President Donald Trump-linked Trump Media and
Technology Group announced a
partnership with Rumble, which would “deliver video and streaming
for TRUTH Social.” Trump wrote in the announcement:
“TMTG continues to align with service providers who do not
discriminate against political ideology. Therefore, I have selected
the Rumble Cloud to serve as a critical backbone for TMTG
infrastructure.”
In 2022, Trump’s social media platform Truth Social also
migrated to Rumble’s cloud platform. TMTG CEO Devin Nunes said at
the time that “Truth Social and Rumble took a major stride toward
rescuing the internet from the grip of the Big Tech tyrants.”
The partnership between the two companies grew stronger as time
went on. Also in 2022, Truth Social joined Rumble’s ad platform as
its first publisher. This year, TMTG joined Rumble in a lawsuit to
halt alleged censorship in Brazil.
Magazine: Trump’s crypto ventures raise conflict of
interest, insider trading questions
...
Continue reading Rumble wallet rolls out with
Tether’s USDT for creator payments
The post
Rumble wallet rolls out with Tether’s USDT for
creator payments appeared first on
CoinTelegraph.
Bitcoin (COIN:BTCUSD)
Historical Stock Chart
From Mar 2025 to Apr 2025
Bitcoin (COIN:BTCUSD)
Historical Stock Chart
From Apr 2024 to Apr 2025
