Non-Custodial Wallet for Bitcoin and Stablecoins Coming in Q3
Video platform Rumble is expanding into the competitive world of crypto wallets. CEO and pro-Bitcoin advocate Chris Pavlovski announced that Rumble Wallet, a non-custodial Bitcoin and stablecoin wallet, will launch in Q3 2025. Designed to rival Coinbase Wallet, the new product is being developed in partnership with stablecoin giant Tether.
“Our goal is to become the most prominent non-custodial Bitcoin and stablecoin wallet, powering the creator economy,” Pavlovski said in a May 9 post on X.
Supporting Creators and Competing Globally
According to Pavlovski, the wallet aims to offer better monetization tools for global content creators than traditional advertising platforms. He hinted that the wallet might support Tether Gold (XAUT) in addition to Bitcoin (BTC) and USDT, although specific features have not yet been disclosed.
Backed by Tether’s $775M Investment
Rumble first revealed its partnership with Tether in March when it announced a USDT wallet for creators. Tether also invested $775 million into the platform in December 2024—solidifying their shared interest in advancing crypto adoption.
Entering a Crowded Crypto Wallet Market
Rumble’s entry places it in direct competition with major players like Coinbase, Robinhood, MetaMask, PayPal, Revolut, Crypto.com, and eToro. With mobile crypto wallet usage hitting an all-time high of 36 million in Q4 2024, according to Coinbase, the timing could prove strategic.
Coinbase itself reported over 100 million registered users last year—nearly double Rumble’s current user base.
Rumble Becomes a Bitcoin Acquisition Firm
Following in the footsteps of MicroStrategy, Rumble began acquiring Bitcoin in March. It now holds 210 BTC—worth nearly $22 million—after an initial purchase of 188 BTC.
Strong Q1 2025 Financial Results
Despite reporting a net loss of $2.7 million for Q1, Rumble showed major improvement over its $43 million loss in Q1 2024. Revenue climbed to $23.7 million, beating analyst expectations by 2.8% and growing 34% year-over-year.
GAAP net loss came in at $0.01 per share, outperforming estimates by 90%.
User Growth and Stock Performance
Monthly active users dropped slightly to 59 million, down from 68 million in Q4 2024. However, Pavlovski highlighted stronger subscription revenue and advertising monetization as key drivers of growth.
Rumble’s stock (RUM) rose 2.37% in after-hours trading on May 8, reaching $7.78. Still, RUM is down 40% year-to-date.
