Tether, the issuer of the USDT stablecoin, has announced a substantial investment of $775 million in Rumble, a video streaming platform that positions itself as a competitor to YouTube and promotes free speech. This partnership entails an initial investment of $250 million in cash, granting Tether approximately 103.3 million shares of Rumble's common stock. Rumble's CEO, Chris Pavlovski, retains a controlling stake in the company. The investment is expected to close in early 2025, with Tether purchasing shares at a valuation of $7.50 each, resulting in a significant increase in Rumble's stock value. Rumble aims to integrate Bitcoin into its operational strategy, enhancing its treasury investments while catering to a growing demand for decentralized media platforms. Tether's CEO, Paolo Ardoino, emphasized the alignment of values surrounding decentralization and free expression in this partnership.

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