Tether and Rumble Introduce Self-Custodial Crypto Wallet for 80M+ Users
Tether and Rumble have rolled out a self-custodial crypto wallet called Rumble Wallet, which is embedded directly into the Rumble platform and allows users to tip creators in cryptocurrency. The wallet supports Tether (USDT), Tether Gold (XAUt), and Bitcoin (BTC), with plans to add Tether USAT in the future.
The wallet enables creators to receive payments instantly and without intermediaries like banks or payment processors, offering greater financial freedom and control over their assets. The integration leverages Tether's open-source Wallet Development Kit (WDK) and MoonPay for seamless fiat on- and off-ramps.
Key Insights
Decentralized Monetization: The Rumble Wallet eliminates the need for ad networks, banks, or third-party payment processors by using a peer-to-peer crypto payment model.
User Control: As a self-custodial (non-custodial) wallet, users maintain sole control over their private keys and funds, reducing the risk of account freezes or payment blocks common with centralized platforms.
Mainstream Adoption: The initiative aims to bring stablecoins and Bitcoin into the core of a mainstream video platform with over 80 million users, promoting broader cryptocurrency utility and adoption.
Strategic Alignment: The partnership aligns with both companies' shared commitment to decentralized infrastructure, free expression, and user autonomy in the digital economy.
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