Summary
- Rumble announced that it has secured a $775 million investment from Tether.
- Rumble's stock price surged about 35% in the pre-market with the news of the large-scale investment.
- Tether plans to establish relationships with Rumble in advertising, cloud, and virtual asset payment solutions.
Streaming platform 'Rumble' has secured a significant investment from stablecoin issuer Tether (USDT).
On the 20th (local time), Rumble announced this news via its official X. Paolo Ardoino, CEO of Tether, stated, "We will build meaningful relationships with Rumble in advertising, cloud, and virtual asset payment solutions."
Meanwhile, Rumble's stock price soared with the news of the large-scale investment. On this day, Rumble surged about 35% in the pre-market, breaking through the $9 level compared to the previous closing price of $7.27.
Doohyun Hwang
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