According to Bloomberg, Tether, the world's largest stablecoin issuer, will collaborate with video platform Rumble to launch its newly developed dollar-backed digital asset, USAT, in the United 0 CEO Paolo Ardoino announced plans to increase Rumble's market share in the US by targeting its 51 million monthly active 1 will integrate a new crypto wallet into its YouTube-competitive platform, offering users access to USAT and other 2 acquired a 48% stake in Rumble with a $775 million investment in 2024. “Rumble's current user base is higher than many of our competitors in the 3 presents a huge opportunity for rapid growth for the company,” Ardoino said.
Tether's biggest competitor in the US stablecoin market is USDC, issued by 4 Donald Trump's administration has created a legal framework for privately issued dollar-backed stablecoins with the Genius 5 ago, Tether withdrew from the US after allegedly making misleading statements about its reserves, paying a $41 million fine. However, this time, the company is spearheading its new US campaign under the leadership of former White House crypto advisor Bo 6 News: Daha Önceki ABD Hükümet Kapanmalarında Bitcoin (BTC) Fiyatı Nasıl Tepki Vermişti? İşte Mutlaka Bilinmesi Gerekenler El Salvador-based Tether generates substantial income by holding its reserves in cash-like assets like 7 8 company reported $4.9 billion in profit in the second quarter of 9 these proceeds, it continues to invest in various sectors, including artificial intelligence, energy, and 10 argued that the Rumble partnership would be a strategic hub not only for USAT but also for Tether's tokenized gold 11 CEO Chris Pavlovski said in a statement, “Rumble represents freedom of expression; Tether's cryptocurrencies and the decentralized internet also represent true 12 Wallet will be a product that combines these principles.” *This is not investment 13 Reading: Details Emerge About Tether’s New Stablecoin to Hit the Market – CEO Makes Statement
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