news 
Tether’s $775 Mln Investment in Rumble and Entry into AI Sector by 2024
In a recent development, Tether, the company behind the world’s largest stablecoin USDT, has made a significant investment of $775 million in Rumble, a YouTube competitor. This move marks a major milestone for the company as it sets its sights on the AI sector by 2025.
Tether’s CEO Paolo Ardoino emphasized that this investment is part of their commitment to “freedom tech,” which involves supporting decentralized platforms that promote open communication and cryptocurrency. The partnership with Rumble aligns with Tether’s vision, as both companies share a common goal of democratizing online content creation and distribution.
The investment comes at an opportune time for Rumble, which aims to disrupt the traditional video-sharing giant YouTube. This move further solidifies Tether’s position in the decentralized space, providing a strong foundation for its future growth.
It is worth noting that this partnership is not limited to just financial support. The two companies will also collaborate on various projects and initiatives focused on blockchain technology, cryptocurrency, and AI-driven innovation.
Source: coinpedia.org
