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International Business Times

Business

Marvie Basilan

'It's Vaporware': Crypto Users Troll Tether's $775M Bet On Rumble

Tether Rumble Crypto Celsius Ripple NYDFS

Tether has invested in Rumble, but many crypto users are not pleased with the news. (Credit: YouTube Screenshot/Tether Official YouTube Channel)

KEY POINTS

Tether invested $775 million into Rumble, a video-sharing and cloud services provider
Tether's CEO said the investment represented shared values on decentralization and transparency
Many crypto users pointed out that Tether wasn't transparent and the deal could be a 'disaster' for Rumble

Stablecoin giant Tether has made a strategic investment of $775 million into video-sharing and cloud services platform Rumble, which is considered the closest rival of YouTube.

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