Tether Acquires Stake in Whop as Platform Integrates WDK for Stablecoin Payouts
Tether is investing $200 million in Whop at a $1.6 billion valuation, integrating its wallet tools to enable USDT and USAT payments while supporting the marketplace’s global expansion.
Tether is investing $200 million in online marketplace Whop, valuing the company at $1.6 billion, to accelerate stablecoin-based payments. As part of the deal, Whop will integrate Tether’s crypto wallet tools, allowing its 18.4 million users to hold and transact in stablecoins such as USDT and USAT directly on the platform without relying on banks or card networks. Whop said participants on its marketplace earn about $3 billion annually, with gross transaction volume growing roughly 25% month-over-month. The funding will support Whop’s expansion across Latin America, Europe and Asia-Pacific and introduce lending and borrowing tools powered by decentralized finance infrastructure, further embedding Tether’s $185 billion USDT stablecoin into everyday online commerce.
- Stablecoin: A cryptocurrency designed to maintain a stable value by being pegged to assets such as the U.S. dollar, reducing price volatility.
- USDT: Tether’s flagship U.S. dollar-pegged stablecoin, with a reported $185 billion supply, widely used for digital dollar transactions.
- Decentralized finance: Blockchain-based financial infrastructure that enables services like lending and borrowing without traditional intermediaries such as banks.