Tether to launch crypto wallet on Rumble to support new USAT stablecoin

Tether plans to launch a cryptocurrency wallet on the video-sharing platform Rumble to serve as a trading channel for its new proprietary stablecoin, USAT, Bloomberg reported. Speaking at the Token2049 conference in Singapore, Tether CEO Paolo Ardoino said Rumble will release the wallet, powered by Tether technology, by the end of this year. Ardoino explained that the company aims to leverage Rumble's 51 million monthly active users to expand the market share for USAT, which the wallet will support. The move comes after Tether became Rumble's largest shareholder by acquiring an approximately 48% stake in the company.