Tether(USDT) News: Rumble Wallet Launches with Support for USDT and Bitcoin, Aiming to Revolutionize Creator Monetization

In a move that could reshape the content creator economy, Rumble has announced the launch of its Rumble Wallet, which will enable creators to monetize their work using both Bitcoin (BTC) and Tether’s USDT stablecoin. The announcement was made in collaboration with Tether, which invested $775 million in Rumble earlier this year to support the platform’s crypto initiatives. Here’s a closer look at what this means for content creators and the future of monetization.

Rumble’s Crypto Wallet to Use USDT and Bitcoin for Creator Monetization

Rumble CEO Chris Pavlovski and Tether CEO Paolo Ardoino highlighted the potential of the Rumble Wallet, which will enable content creators to monetize their work more efficiently than traditional advertising methods, especially in international markets. The wallet will support Bitcoin (BTC) and Tether’s USDT stablecoin transactions. Tether invested $775 million in Rumble earlier this year, aiming to boost Rumble’s crypto initiatives. Ardoino believes the wallet will become one of the world’s most utilized crypto wallets as USDT’s market cap reaches $144 billion.

Circle’s USDC Breaks Record, Outpaces USDT in Recent Growth Rate

USD Coin (USDC) has reached a new all-time high market cap of $60 billion this week, surpassing its previous high of $55 billion in June 2022. The stablecoin added $16.3 billion to its supply in the last three months, indicating stronger investor interest and increasing adoption globally. In comparison, Tether (USDT), its main competitor, increased its supply by only $4.4 billion in the same period, resulting in a much higher growth rate for USDC. However, USDT still dominates in terms of market cap.

Rumble Expands into Crypto with New Wallet, Backed by Tether’s USDT Stablecoin

Rumble has introduced its Canadian-based digital wallet, Rumble Wallet, which integrates Tether’s USDT stablecoin to streamline creator payments globally. CEO Chris Pavlovski highlighted how the wallet would offer creators faster, more efficient payment options, particularly in international markets. This represents a major advancement for Rumble as the company signals a deeper commitment to crypto and financial freedom through its Bitcoin purchases. Additionally, Tether has provided $775 million funds for Rumble to be used for crypto and platform growth, providing content creators with improved opportunities to generate income from their work.