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Rumble Wallet & Tether Join Forces to Challenge Coinbase
By: bitcoin ethereum news|2025/05/10 08:15:05
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Rumble Wallet, in partnership with Tether, is going head-to-head to compete with Coinbase. The proposed Rumble Wallet will launch in Q3 and aims to challenge Coinbase Wallet’s dominance. The new wallet will focus on creators and international markets and combine non-custodial control with support for Bitcoin and stablecoins. “Our goal is to become the most prominent non-custodial bitcoin and stablecoin wallet, powering the creator economy,” said CEO Chris Pavlovski on X. Strategic Crypto Alliance and Creator Focus Tether invested $775 million in Rumble in December 2024. That funding is now driving the launch of Rumble Wallet and boosting the platform’s crypto expansion. The non-custodial crypto wallet will help creators monetize outside traditional ad models. Support for Bitcoin, Tether (USDT), and possibly Tether Gold (XAUT) will allow cross-border flexibility. For creators looking to retain financial independence, Rumble Wallet positions itself as a future-proof solution. The move follows the reports of Meta exploring stablecoin payouts to creators and businesses. Wallet Competition Heats Up Coinbase reported over 100 million users in 2024. That leaves a wide gap for new wallet players. Mobile crypto wallet adoption hit 36 million users in Q4, a record high. Rumble posted $23.7 million in Q1 revenue, a 34% annual increase. Losses shrank to $2.7 million, with crypto holdings of 210 BTC (worth $22 million) on the books. Rumble Wallet will enter a crowded field, but its timing and creator-first focus give it a unique edge in the race. The Coinbase crypto exchange’s Quarterly report for Q1 2025 reports an increase in revenue of 24% year on year. However, it is interesting to note here that its revenue from transactions also went down by 19% Q/Q, standing at $1.3 billion. And the timing of this news could potentially be bad news for Coinbase. ✓ Share: Coingape Staff CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss. Source: https://coingape.com/rumble-wallet-tether-join-forces-to-challenge-coinbase/
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