Tether Invests $775M in Rumble, Backing YouTube Alternative Boasting Free Speech
Tether, the issuer of the largest stablecoin by market capitalization, has made a $775 million investment in Rumble, a video-sharing platform known for championing free speech and offering an alternative to YouTube.
“Tether deeply believes in the fundamental values of freedom of speech and financial freedom,” Tether CEO Paolo Ardoino wrote in a December 20 post on X.
He described the investment as a strategic step in supporting technologies and companies that empower individuals and foster societal resilience.
Crypto Market Sees $1.2 Billion in Liquidations as Bitcoin, Dogecoin, XRP and Solana Face Double-Digit Losses.
Cryptocurrency prices have taken a significant hit, with Bitcoin, Ethereum, XRP, Dogecoin and Solana all suffering major losses. After briefly reaching an all-time high of over $108,000, Bitcoin dropped 7% in a single day to $97,000. Ethereum fell nearly 12%, trading at $3,422, while XRP saw a similar drop, down 11% to $2.22. Dogecoin, the popular meme coin, tumbled by 20%, landing at $0.31. Solana, another major altcoin, dropped below the $200 mark, down 12% to $191.