Tether is getting everything ready for their USAT launch in December, looking to distribute USAT to 100M Americans!
They invested over $775M into Rumble (51M MAU's in the US) rolling out a full wallet product with them.
"We are investing in two-three companies that would bring that number from 51 million to 100 million"
Tether is prepared to spend billions of dollars to win the US market and @oobit feels like a clear partner here (given Tether is the largest shareholder and past campaigns they have run together).
Oobit makes USAT more useful and familiar enabling real world payments of USAT/any crypto held out of any wallet. Historically they have run aggressive cashback marketing campaigns and with all the fire power Tether is spending on the US market, I expect this time to be no different.
$OOB directly benefit's with 50% of fees going back to a buy and burn (full thesis below).
Rumble Wallet supports only Bitcoin (LN soon), USDT, XAUT and when launched USAT.
Most people don't need anything else.
The aim is to create a super user-friendly wallet that hides the complexity of supporting many blockchains behind the scenes, leveraging account abstraction and paymaster functions to reduce friction of needing crypto gas tokens to send stables.
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