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Rumble stock jumps after crypto wallet launch backed by Tether
Rumble shares climbed following the launch of a crypto wallet with Tether, highlighting investor interest in diversification despite regulatory and market risks tied to digital assets.
Shares of Rumble rose after the company announced the launch of a new crypto wallet developed in partnership with stablecoin issuer Tether. The move marks Rumble’s deeper push into digital assets and alternative financial infrastructure. Market participants view the announcement as an attempt to diversify revenue streams beyond advertising, though analysts caution that crypto related initiatives remain sensitive to regulation and broader market sentiment.