Tether’s $775 Mln Investment in Rumble and Entry into AI Sector by 2025
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Tether, the company behind the world’s largest stablecoin, USDT, is making headlines with a series of bold business moves. From a $775 million investment in the YouTube-alternative platform Rumble to its plans to step into artificial intelligence (AI) by 2025, Tether is diversifying far beyond its stablecoin roots.
Tether’s $775 Million Investment in RumbleTether has announced a significant investment of $775 million in Rumble, a platform that positions itself as a competitor to YouTube. As part of this deal, Tether will buy 103.3 million shares of Rumble and will spend $250 million to help Rumble grow and reach more users worldwide.
Tether’s CEO Paolo Ardoino described this investment as part of companies belief in “freedom tech,” which includes supporting decentralized platforms that promote open communication and cryptocurrency.
Interestingly, Rumble is also diving deeper into the crypto world. Last month, it announced plans to use $20 million of its cash reserves to invest in Bitcoin, showing its interest in blockchain technology.
Tether’s Plan to Enter AILooking ahead, Tether is gearing up to enter the artificial intelligence industry. In a recent tweet post CEO Paolo Ardoino recently revealed plans to launch Tether’s AI platform in the first quarter of 2025. This is a big move for Tether, which has mainly focused on stablecoins.
Just got the draft of the site for Tether's AI platform.
Coming soon, targeting end Q1 2025.