Rumble Introduces Crypto Wallet with Tether, Enabling Tips in BTC, USDT, and XAUT

Rumble has launched a non-custodial crypto wallet in partnership with Tether, allowing users to tip creators in BTC, USDT, and XAUT. This marks the first live deployment of Tether's Wallet Development Kit.

The Rumble Wallet is integrated into the Rumble app and offers creators an additional income stream outside of ads or subscriptions. The feature eliminates the need for traditional financial intermediaries.

MoonPay will power the on- and off-ramps, enabling users to convert between crypto and traditional payment methods like credit cards and PayPal. This expands the usability of the Rumble Wallet.

Why Did This Happen?

Rumble CEO Chris Pavlovski emphasized that the wallet aligns with the company's free-speech values. He said it empowers users and creators by giving them control over how content is funded.

Tether CEO Paolo Ardoino noted that the wallet supports the ideals of decentralization and free expression. He described it as a step toward giving tens of millions of users more control over their digital assets.

How Did Markets React?

Shares of Rumble were modestly higher in premarket trading following the wallet's launch. However, the stock remains down significantly year-over-year.

Tether's involvement has been significant, with the company investing $775 million in Rumble in recent months. The wallet is seen as a way to expand Tether's presence in the creator economy.

What Are Analysts Watching Next?

Analysts are monitoring how the wallet is adopted by Rumble's audience of tens of millions of users. The success of the wallet could influence other platforms to follow suit.

The partnership is also being watched for its potential to integrate more cryptocurrencies into the Rumble platform. Tether's Wallet Development Kit may see further deployment on other platforms.