The Company Behind the World's Third-Largest Cryptocurrency Just Invested $775 Million in This Little Company Taking on YouTube and AWS
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Shares of technology company Rumble (NASDAQ: RUM) are at 52-week highs as of this writing, having jumped roughly 300% in value since lows set back in January. And much of its leap is thanks to a massive $775 million investment from the investment arm of Tether Limited, the company behind the cryptocurrency stablecoin Tether (CRYPTO: USDT).Tether is the third-largest cryptocurrency in the world by market capitalization. As of this writing, the market cap is almost $140 billion, which trails only Bitcoin and Ethereum. But Tether isn't like these other two cryptocurrencies; it's a stablecoin.A stablecoin intends to have a 1-to-1 price correlation with something else. For example, a U.S. dollar stablecoin should always be worth $1. It's for people who want to explore the world of cryptocurrency without the volatility. Simply explained, they deposit $1 and Tether issues one new stablecoin worth $1.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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Quelle: MotleyFool
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