Rumble’s Bold Q3 Crypto Wallet Launch with Tether Challenges Coinbase
Get ready, crypto enthusiasts! Rumble, the video streaming platform, is making a significant move into the digital asset space. The company’s CEO has officially announced plans to launch a new **crypto wallet** in Q3, developed in partnership with stablecoin giant **Tether**. This move signals Rumble’s ambition to compete directly with established players like **Coinbase** in the growing non-custodial wallet market.
Rumble and Tether Team Up for Q3 Wallet Launch
Rumble CEO Chris Pavlovski recently confirmed via an X post that the Rumble Wallet is on track for a third-quarter launch this year. The collaboration with **Tether** is key to this initiative, leveraging Tether’s expertise, likely involving their USDT stablecoin. Pavlovski stated the goal is clear: to become a leading non-custodial wallet for **Bitcoin** and stablecoins, specifically tailored to power the creator economy on the platform.
Key aspects of the upcoming Rumble Wallet:
- Scheduled for launch in Q3.
- Developed in partnership with **Tether**.
- Aims to support **Bitcoin** and stablecoins (initially likely USDT).
- Potential future support for Tether Gold (XAUT) mentioned.
- Designed as a non-custodial wallet, giving users control over private keys.
- Positioned to compete directly with wallets from platforms like **Coinbase**.
Why Rumble is Targeting the Crypto Wallet Market
Entering the **crypto wallet** market allows Rumble to integrate digital assets directly into its platform ecosystem. This is particularly relevant for the creator economy, where crypto can facilitate payments, tips, and monetization across international borders more efficiently than traditional methods. Rumble’s partnership with **Tether** provides a strong foundation, especially given Tether’s significant investment in Rumble and its widespread use globally.
The market is competitive, with major players including:
- **Coinbase** Wallet
- MetaMask
- Robinhood
- eToro
- PayPal
- Revolut
- Crypto.com
Data shows the mobile **crypto wallet** market is expanding, with user numbers reaching 36 million in Q4 2024. While **Coinbase** reported over 100 million registered users in 2024, significantly more than Rumble’s current user base, Rumble sees an opportunity to carve out its niche, particularly within its creator community.
Rumble’s Broader Crypto Strategy and Financial Health
Beyond the wallet, Rumble has also adopted a corporate **Bitcoin** acquisition strategy, similar to MicroStrategy. The company began purchasing **Bitcoin** in March and currently holds 210 BTC, valued at approximately $22 million. This indicates a broader belief in the long-term value of **Bitcoin** as an asset.
Financially, Rumble showed improvement in Q1 2025. The company reported a net loss of $2.7 million, a substantial improvement from the $43 million loss in Q1 2024. Revenue increased to $23.7 million, exceeding estimates and showing 34% year-over-year growth. While monthly active users saw a slight dip compared to the previous quarter, the financial results suggest a strengthening business, providing a stable base for new ventures like the **crypto wallet**.
In summary, Rumble’s upcoming **crypto wallet**, powered by **Tether** and supporting **Bitcoin**, represents a strategic move to integrate digital assets into its platform, enhance creator monetization, and compete in the expanding wallet sector dominated by firms like **Coinbase**. Combined with its **Bitcoin** acquisition strategy and improving financials, Rumble is positioning itself as a notable player in the evolving digital landscape.
