Rumble, originally known as a video platform, announced a partnership with Tether to launch a new non-custodial wallet. This project aims to change the dynamics of the cryptocurrency market, focusing on supporting content creators.
Launch of the New Non-Custodial Wallet
Rumble and Tether plan to launch a non-custodial wallet in Q3 2025. The main goal is to compete with Coinbase Wallet, which suggests leveraging current market preferences.
Tether's Investment in Rumble Project
Tether is investing $775 million in this project, led by Rumble CEO Chris Pavlovski. This investment will allow Rumble to develop a wallet that supports Bitcoin and stablecoins, providing new financial solutions for content creators.
Impact on the Cryptocurrency Market
The partnership between Rumble and Tether could significantly impact the cryptocurrency market. It also indicates a growing interest in non-custodial solutions and potential implications for existing wallet providers like Coinbase, which already boasts over 100 million users.
The partnership between Rumble and Tether highlights both companies' commitment to innovation in the cryptocurrency space and support for content creators. The new wallet is expected to contribute to the growth of the creator economy and expand the use of Bitcoin and stablecoins.
