Tether has announced a partnership with video streaming platform Rumble to distribute its U.S.-regulated stablecoin, USAT, marking its re-entry into the American market. The collaboration was unveiled by Tether CEO Paolo Ardoino at the Token2049 event in Singapore. Rumble plans to introduce a crypto wallet later this year, featuring USAT and other tokens.
This strategic move is facilitated by the GENIUS Act, a new U.S. stablecoin regulation signed into law by President Trump in July. Tether, which invested $775 million in Rumble last year, holds a 48% stake in the platform. The partnership aims to leverage Rumble's 51 million monthly active users to enhance USAT adoption and compete with other stablecoins like USDC.
Tether Partners with Rumble to Launch USAT Stablecoin in U.S.
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.