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Tether’s $775 Mln Investment in Rumble and Entry into AI Sector by 2025
In a groundbreaking move, Tether, the company behind the world’s largest stablecoin USDT, has announced a massive investment of $775 million in Rumble, a YouTube competitor. This significant investment not only underscores Tether’s commitment to supporting decentralized platforms but also signals its entry into the highly competitive artificial intelligence (AI) sector by 2025.
Tether’s primary revenue driver remains its USDT stablecoin, which has contributed substantially to the company’s impressive year-to-date earnings of $7.7 billion. The success of this investment can be gauged from the fact that Tether’s assets have grown to a staggering $139.4 billion, fueled by strategic investments in various sectors including renewable energy, Bitcoin mining, telecommunications, education, and AI.
The partnership with Rumble is expected to further solidify Tether’s position as a key player in the decentralized ecosystem. The investment will see Tether acquire 103.3 million shares of Rumble, while also committing $250 million to help the platform expand its user base globally.
This bold move marks a significant departure from Tether’s traditional focus on stablecoins and underscores the company’s willingness to explore new frontiers in the cryptocurrency space.
Source: coinpedia.org
