Tether Invests Heavily in Online Marketplace Whop

Tether, a leading stablecoin issuer, has made a significant investment in Whop, an online marketplace with over 18 million users. The $200 million strategic investment will enable the integration of Tether's Wallet Development Kit (WDK) on Whop's platform, allowing users to send and receive payments in stablecoins like USDT.

The deal is expected to support the expansion of Whop into new regions, including Latin America, Europe, and the Asia-Pacific region. Additionally, the investment will facilitate the development of new financial tools and AI features for Whop's users. This move marks a key step in Tether's broader strategy to expand beyond crypto trading and into everyday finance.

Tether's USDT stablecoin has a market cap of approximately $183 billion, making it the largest circulating stablecoin worldwide. With this investment, Tether will gain exposure to Whop's platform, which processes over $3 billion in yearly payouts.