The crypto stablecoin venture Tether says that it is investing $775 million in the video sharing platform and cloud provider Rumble, which has become a favorite of conservative hosts and content creators and positions itself as a free speech alternative to its competitors.

The companies announced the deal Friday evening. Rumble will receive $250 million in the deal, with the remaining proceeds “to fund a self tender offer for up to 70 million of its Class A Common Stock, at the same price ($7.50 per share) as Tether’s investment,” the companies say.

Rumble is a competitor to YouTube, playing host to people like conservative commentators like Dan Bongino, Steven Crowder and Andrew Tate, the journalist Glenn Greenwald, gamer Dr. Disrespect, and Dana White’s Power Slap competitions.

Its shareholders include Bongino, and a venture capital firm co-founded by Vice president-elect Jd Vance. Vance’s financial disclosures also showed that he has a personal...