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- Tether partners with Rumble to accelerate USAT adoption in U.S.
- Rumble’s 51 million users will drive USAT stablecoin growth.
- Tether expands into energy, telecom, and crypto with massive investments.
Tether is taking a bold step to transform the cryptocurrency market by partnering with Rumble, a fast-growing video streaming platform. This collaboration aims to boost the adoption of USDT, Tether’s newly launched stablecoin, which is explicitly designed for the U.S. market.
In a panel segment at Token2049 in Singapore, Tether CEO Paolo Ardoino announced that this partnership would leverage Rumble’s massive user base to popularize the use of stablecoins in the U.S.
Rumble can be an attractive venture to Tether with its 51 million monthly active users. It has an excellent U.S presence, and this is the best place to expose the USAT to a large pool of people.
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Ardoino stressed that the point is to demonstrate that stablecoins can fit into the U.S. financial system, which is one of the most advanced in the world.
The investment made by Tether in Rumble is also essential. The company invested $775 million in the platform last year and acquired a 48 percent stake in it. This is an investment that demonstrates Tether’s strong belief in Rumble and its future potential to further the adoption of digital currencies.
The collaboration will not only enhance the uptake of USAT but also offer an opportunity to explore the possibilities of synergies between the two firms.
Tether’s Expanding Horizons Beyond Crypto
The company is expanding its boundaries into telecommunications and power infrastructure. It has been reported that Tether is currently negotiating up to $ 20 billion in funding, which would potentially give the company a valuation of $500 billion.
Such financing will enable Tether to diversify its operations and venture into new markets, thereby further consolidating its position in the international financial landscape.
Tether has one of the most ambitious objectives of installing 150,000 kiosks in Africa by 2030. This effort would boost the use of USDT and the U.S. dollar in emerging markets, leading to an economic boost by adopting digital currency.
As USDT remains the largest stablecoin in the world, Tether is poised to make its mark on global finance through its strategic actions with USDT.
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