Tether enters show business: $775 million in "anti-YouTube"! 🎥💰

The company Tether, which issues the popular stablecoin USDT, has decided to spend $775 million on the Canadian platform Rumble. This video hosting service is already being called a "competitor to YouTube". 🎥💰

Where will the money go?

1. $250 million — immediately in cash. 💵

2. Another 70 million shares of Rumble will be purchased at $7.50 each.

In total: Tether will become the owner of over 103 million shares.

Why Rumble?

The platform is known for its "freedom of speech" and collaboration with the social network Truth Social, where Trump supporters love to hang out. 😎🇺🇸 Currently, Rumble has about 67 million active users.

Tether will not stop:

The head of the company, Paolo Ardoino, stated that they expect $10 billion in profit this year! 😱💵 Half of that money is planned to be invested in:

• Artificial intelligence 🤖,

• Bitcoin mining ⛏,

• Renewable energy 🌱,

• Education 📚 and even…

• Commodities! 🚜