Tether Invests 775 Million USD in Rumble to Dominate the YouTube Market

USDT Tether issuer has announced a $775 million investment in Rumble, a video sharing platform that upholds freedom of speech. This partnership aims to expand Rumble’s international reach and position the company as an alternative solution to YouTube. This move aligns with Tether’s technology support strategy to empower individuals and promote societal resilience. Tether invests in Rumble to enhance freedom of speech Paolo Ardoino, CEO of Tether, stated that investing in building strong platforms for freedom of speech is strategically important and cannot be overlooked. Rumble will collaborate to integrate advertising solutions, cloud services, and cryptocurrency payments. However, Rumble’s CEO, Chris Pavlovski, plans to use this partnership to enhance competition in the video sharing market. Rumble’s stock price surged 51.60% in after-hours trading after the investment round closed. The significant increase in market capitalization demonstrates investors’ confidence in the growth opportunities created by the partnership. This deal also aligns with Rumble’s efforts to diversify revenue sources through cryptocurrency-related projects. Rumble accepts Bitcoin for financial flexibility It is reported that Rumble will add Bitcoin (BTC) to its balance sheet to commit to using cryptocurrency. The company’s board has authorized the use of its excess cash reserves to buy up to 20 million dollars in Bitcoin. Pavlovski stated in a survey that 93.9% of respondents answered ‘yes’ to this proposal, which led her to make the decision. The fact is that cryptocurrency is a good supplement to the investment that Rumble has made because it helps strengthen Rumble as an advanced technology platform. These steps will bring Rumble even more financial flexibility and attract more people. However, it still continues to provide innovative ways to fight against the complete dominance of YouTube. Tether increases political leverage for Cantor Fitzgerald’s shares The stablecoin issuer has signed an agreement to sell 5% of its shares to Cantor Fitzgerald for up to $600 million. This agreement brings USDT closer to financial service companies, as the company’s participation strengthens USDT in the context of tighter regulation. The timing of the acquisition is also interesting, as Cantor Fitzgerald CEO Howard Lutnick has become a key figure in US politics, serving as Donald Trump’s Secretary of Commerce. Lutnick’s political influence will be crucial in addressing the regulatory challenges of USDT. The currency issuer is investigating the possibility of its currency being used in a crime. Giancarlo Devasini, Tether’s largest shareholder, believes that Lutnick will be able to handle the regulatory pressures.

Lutnick’s political relationships will help position Tether to leverage his political relationships and the company’s presence better in the digital financial field. Furthermore, Lutnick’s upcoming moves to the Department of Commerce could improve Tether’s operations if regulatory adjustments can be made in his favor. Conclusion This demonstrates USDT’s concern for freedom of speech and financial freedom that platforms like Rumble can provide. Rumble’s collaboration with Tether aims to reform the context of video sharing by providing alternative solutions to major companies like YouTube. Meanwhile, Cantor Fitzgerald’s stake in Tether reinforces the position of the stablecoin issuer when regulatory authorities do not want to intervene. DYOR! #Write2Win #Write&Earn $BTC {spot}(BTCUSDT)