Rumble to Launch Bitcoin and Stablecoin Wallet in Q3, in Partnership with Tether
In a move that is set to shake up the cryptocurrency wallet market, video streaming platform Rumble has confirmed plans to launch a Bitcoin and stablecoin wallet in the third quarter of this year. The wallet, which is being developed in partnership with stablecoin issuer Tether, aims to compete directly with Coinbase Wallet and provide a new financial tool for content creators on the platform.
According to a post on X (formerly Twitter) by Rumble CEO Chris Pavlovski, the forthcoming Rumble Wallet will be a non-custodial wallet, giving users control over their cryptocurrency holdings. The wallet will support Bitcoin and stablecoins, and may also support Tether Gold (XAUT) in addition to other cryptocurrencies. As Pavlovski stated, "Our goal is to become the most prominent non-custodial Bitcoin and stablecoin wallet, powering the creator economy."
The partnership with Tether is significant, with the stablecoin issuer investing $775 million in Rumble in December 2024. The investment marked a major vote of confidence in Rumble’s potential to disrupt the video streaming market and expand into the cryptocurrency space. As reported by CoinCentral, the Rumble Wallet is expected to be a major player in the cryptocurrency wallet market, competing with established players such as Coinbase, Robinhood, and MetaMask.
The Rumble Wallet is designed to serve as a "vehicle to help monetize creators better than most advertisers, especially in international markets," according to Pavlovski. The wallet will provide a new way for content creators on the platform to earn money, and could potentially disrupt the traditional advertising model. As CoinCentral previously reported, Rumble has been expanding its cryptocurrency offerings, including acquiring Bitcoin in March.
In 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.
Rumble’s entry into the crypto wallet market comes at a time when mobile wallet adoption is reaching new heights. According to CoinCentral 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, including Coinbase, which reported more than 100 million registered users in 2024.
The launch of the Rumble Wallet represents the latest step in Rumble’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. With 59 million monthly active users, Rumble is well-positioned to make a significant impact in the cryptocurrency wallet market. As CoinCentral reported, Rumble shares (RUM) gained 2.37% following the announcement to reach $7.78 in after-hours trading.
In conclusion, the Rumble Wallet is set to be a major player in the cryptocurrency wallet market, providing a new financial tool for content creators on the platform. With its partnership with Tether and its growing involvement in the cryptocurrency sector, Rumble is well-positioned to make a significant impact in the market. As CoinCentral previously reported, the Rumble Wallet is expected to be launched in Q3 2025, and will be a non-custodial wallet supporting Bitcoin and stablecoins.
As Pavlovski stated, "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." The Rumble Wallet is expected to be a game-changer in the cryptocurrency wallet market, and its launch is highly anticipated.
Sources:
CoinCentral
