Rumble Confirms Q3 Launch Date for Bitcoin and Stablecoin Wallet in Tether Partnership

TLDRRumble is launching a Bitcoin and stablecoin wallet in Q3 2025 in partnership with TetherThe wallet will be non-custodial and aims to compete directly with Coinbase WalletRumble CEO Chris Pavlovski says it will help monetize creators better than most advertisersTether invested $775 million in Rumble in December 2024Rumble reported Q1 revenue of $23.7 million, up 34% year-over-year, though still with a $2.7 million net lossRumble, the video streaming platform known as an alternative to YouTube, has confirmed plans to launch a Bitcoin and stablecoin wallet in the third quarter of this year. The announcement was made by Rumble CEO Chris Pavlovski on May 9 through a post on X (formerly Twitter).The forthcoming Rumble Wallet will be developed in partnership with stablecoin issuer Tether and is positioned to compete directly with Coinbase Wallet. This move marks Rumble’s further expansion into the cryptocurrency space after the company began acquiring Bitcoin in March.“Our goal is to become the most prominent non-custodial Bitcoin and stablecoin wallet, powering the creator economy,” Pavlovski stated in his announcement. The company first revealed plans for a Tether wallet for creators in March, following Tether’s $775 million investment in Rumble in December 2024.Rumble Wallet, in partnership with Tether, will directly compete with Coinbase. Our goal is to become the most prominent non-custodial bitcoin and stablecoin wallet, powering the creator economy.Coming in Q3 this year.— Chris Pavlovski ‍️ (@chrispavlovski) May 8, 2025Targeting the Creator EconomyThe wallet aims to serve as a “vehicle to help monetize creators better than most advertisers, especially in international markets,” according to Pavlovski. While specific details remain limited, the CEO hinted that the wallet may support Tether Gold (XAUT) in addition to other cryptocurrencies.Rumble’s entry into the crypto wallet market comes at a time when mobile wallet adoption is reaching new heights. According to Coinbase data, the use of mobile crypto wallets hit an all-time high of 36 million in Q4 2024.The video streaming platform will be entering a crowded marketplace dominated by well-established players.Current competitors include Coinbase, Robinhood, eToro, PayPal, Revolut, Crypto.com, and MetaMask. Coinbase alone reported more than 100 million registered users in 2024, almost double Rumble’s video platform user base.Financial Performance and Bitcoin HoldingsIn parallel with its crypto wallet announcement, Rumble recently reported its financial results for the first quarter of 2025. The company posted revenue of $23.7 million, exceeding analyst estimates by 2.8% and representing a 34% increase from the same period last year.While Rumble still reported a net loss of $2.7 million for the quarter, this marks a major improvement compared to the $43 million loss recorded in Q1 2024. The company’s GAAP loss of $0.01 per share was 90% above consensus estimates.Rumble has also been building its Bitcoin holdings since March when it made its first purchase of 188 BTC. The firm currently holds 210 BTC, worth almost $22 million at current market prices, joining companies like MicroStrategy in adopting a Bitcoin acquisition strategy.The platform reported 59 million monthly active users, which represents a decrease from the 68 million reported in Q4 2024. Despite the drop in users, Pavlovski highlighted the company’s revenue growth, driven by “increased subscription revenue and monetization across our video and advertising platforms.”Rumble shares (RUM) gained 2.37% following the announcement to reach $7.78 in after-hours trading. However, the company’s stock has lost 40% of its value year to date.The launch of the Rumble Wallet represents the latest step in the company’s growing involvement in the cryptocurrency sector, as it seeks to diversify its business model and provide new financial tools for content creators on its platform.The post Rumble Confirms Q3 Launch Date for Bitcoin and Stablecoin Wallet in Tether Partnership appeared first on CoinCentral.