Tether Bolsters Stablecoin Payments with Whop Investment

Tether, a leading stablecoin issuer, has made a significant investment in Whop, an online marketplace. The $200 million strategic investment is aimed at expanding stablecoin payments into more real-world use cases.

Whop co-founder Steven Schwartz stated that the deal has pushed the company's valuation to $1.6 billion. As part of the agreement, Whop will integrate Tether's Wallet Development Kit (WDK), allowing users to send and receive payments in stablecoins like USDT.

The investment is part of Tether's broader efforts to expand beyond crypto trading and into everyday finance. The company will gain exposure to a platform with over 18 million users and about $3 billion in yearly payouts, as well as access to new markets including Latin America, Europe, and the Asia-Pacific region.