Tether Invests US$775 Million in Rumble After Adopting Bitcoin $BTC Backup Strategy

Tether (USDT), a leading stablecoin issuer, announced a US$775 million transaction activity with the Rumble (RUM) platform following its adoption of a Bitcoin (BTC) backup strategy.

Rumble CEO Chris Pavolski stated that the deal includes an initial US$250 million cash investment, granting Tether 103.3 million shares of Rumble common stock.

Tether CEO Paolo Ardoino emphasized that the company will continue holding Rumble shares while supporting the platform’s growth as a decentralized media outlet.

“Tether’s investment in Rumble reflects our values of decentralization, transparency, and the right to free expression,” Ardoino said.

Following the announcement, Rumble shares surged 40.75% on Market Watch.