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$775,000,000: Tether Invests Whopping Sum in Video Platform Rumble
In a recent development, Tether has made a massive investment of $775 million in video platform Rumble. This significant move is seen as a major game-changer for the decentralized video hosting space.
As revealed by Rumble’s CEO Pavlovski, Tether is not just an ordinary partner; instead, it’s a “perfect rocket booster” that can propel their growth exponentially. This enormous investment will enable Rumble to accelerate its efforts in challenging YouTube’s dominance in the segment of video hosting platforms with decentralized alternatives.
It’s worth noting that this collaboration comes at a time when Tether is set to log an unprecedented $10 billion profit in 2024, as announced by CEO Ardoino in an exclusive interview with Bloomberg. The company intends to redistribute half of these profits towards further investment initiatives.
Furthermore, Tether has also revealed plans to launch its own AI platform in Q1, 2025, allowing smartphone users to leverage the potential of artificial intelligence developments.
In the last year alone, Tether’s USDT stablecoin witnessed a staggering increase in market capitalization, rising from $93 billion to an incredible $141 billion.
Source: u.today
