$775,000,000: Tether Invests Whopping Sum in Video Platform Rumble

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As a seasoned crypto investor with a knack for spotting promising partnerships, I find Tether’s investment in Rumble to be a shrewd move. With my years of experience navigating the volatile crypto market and seeing the rise and fall of numerous projects, it’s clear that Tether’s strategic investments in decentralized technologies align with my own beliefs about the future of technology and finance.

As a crypto investor, I recently learned that Tether, the company behind the largest stablecoin USDT, has made a significant investment in Rumble, a leading video sharing platform and cloud service provider. Out of the impressive $775 million they’ve put into this venture, an immediate $250 million will be allocated to accelerate Rumble’s growth strategies.

Tether backs Rumble with $775 million funding

On December 20, 2024, Tether, a leading player in the stablecoin market, declared its intention to invest $775 million in Rumble, a competitor of YouTube. Initially, $250 million will be invested, with the full transaction expected to be completed by Q1, 2025, as stated by Tether officials.

Tether strongly upholds the core principles of free expression and economic autonomy. Investing strategically in Rumble clearly demonstrates @Tether_to’s commitment to backing technological innovations and businesses that foster human independence and robustness.

— Paolo Ardoino 🤖🍐 (@paoloardoino) December 20, 2024

After the deal is finalized, Chris Pavlovski, who serves as both Chairman and CEO of Rumble, will continue to hold a significant majority share in his firm. Following this news release, shares of Rumble on NASDAQ experienced a surge of approximately 40% before regular trading began.

According to Paolo Ardoino, CEO of Tether, the recent investment in Rumble serves as another confirmation of Tether’s dedication to fostering decentralization within technology.

Tether’s decision to invest in Rumble underscores our mutual beliefs in decentralization, self-rule, transparency, and the inherent importance of free speech. In today’s climate, traditional media has been gradually undermining trust, leaving room for platforms like Rumble to present a reliable, uncensored option. This partnership aligns with our ongoing mission to support technologies that champion freedom and question established structures, as evidenced by our previous collaborations and projects.

Previously reported by U.Today, this year, Tether entered the crude oil market in the Middle East with an initial investment of over $50 million. Additionally, Tether is backing modern Bitcoin (BTC) mining projects.

Rumble’s Pavlovski expresses great enthusiasm about collaborating with Tether, emphasizing that Tether is an ideal ally who could provide a rocket-boost to Rumble.

Tether registers $10 billion profit, teases AI platform launch

As a seasoned analyst, I’m thrilled about the new funding that Rumble has received, as this positions them to take on YouTube’s reign in the video hosting platform market. Their unique approach – offering decentralized alternatives – sets them apart and could potentially disrupt the current landscape.

As a researcher, I’m projecting that in the year 2024, Tether is poised to record a staggering $10 billion net profit. In an exclusive interview with Bloomberg, our CEO, Ardoino, shared this significant figure. Interestingly, half of this colossal sum, approximately $5 billion, will be earmarked for reinvestment in strategic initiatives.

Additionally, by Q1 of 2025, Tether intends to unveil an AI-focused platform, empowering smartphone users to utilize advancements in artificial intelligence technology.

Over the past year, the market value of Tether’s USDT stablecoin, one of their key offerings, rose by more than half, climbing from approximately $93 billion to an impressive $141 billion.

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2024-12-21 18:19