Overview

• Paolo Ardoino announced at TOKEN2049 in Singapore that Rumble will launch a Tether-integrated crypto wallet later this year featuring USAT and other tokens.
• Rumble’s reported 51 million monthly active users give Tether a built-in distribution channel for on-ramps to its new dollar token.
• Tether presents USAT as designed to comply with the federal GENIUS Act as it re-enters the U.S. market, with Bo Hines appointed to lead the initiative.
• The partnership follows Tether’s 2024 investment of $775 million in Rumble, which secured roughly a 48% stake in the platform.
• Tether is positioning USAT to compete more directly with incumbent U.S. stablecoins such as Circle’s USDC by integrating with a large consumer platform.