Rumble to Launch Non-Custodial Wallet in Q3, Challenging Coinbase with Tether-Backed Support

Rumble CEO and founder Chris Pavlovski announced the development via a post on X, revealing that the upcoming “Rumble Wallet” will be developed in collaboration with stablecoin issuer Tether. Positioned as a non-custodial alternative, the wallet aims to give creators more monetization tools, especially in underserved international markets. Although details remain limited, Pavlovski hinted that the wallet might also support Tether Gold (XAUT).

“Our goal is to become the most prominent non-custodial Bitcoin and stablecoin wallet, powering the creator economy,”

Pavlovski stated.

Rumble’s wallet ambitions build on its growing relationship with Tether, which invested $775 million into the platform in December 2024. In March this year, Rumble introduced its digital wallet to enhance creator monetization with support from stablecoin giant Tether. 

The wallet’s launch will pit Rumble against established giants such as Coinbase, PayPal, MetaMask, Crypto.com, and Robinhood. According to Coinbase data , Mobile crypto wallet usage reached a record high of 36 million in Q4 2024, indicating strong competition and demand. Additionally, Rumble has accumulated Bitcoin since March, amassing 210 BTC worth nearly $22 million, similar to other pro-Bitcoin firms like MicroStrategy.

Rumble’s Q1 2025 results show strong growth, with revenue of $23.7 million, a 34% increase year-over-year, and a 2.8% beat on analyst estimates. The company reported a net loss of $2.7 million, significantly improved from a $43 million loss in Q1 2024, with a per-share loss of $0.01 that exceeded expectations by 90%. Despite a decline in monthly active users from 68 million to 59 million, Rumble credits its revenue growth to increased subscription adoption and improved monetization in video and advertising.

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