Tether Invests $200 Million in Whop to Expand Stablecoin Payments
The investment will bring Tetherโs wallet tools to millions of users.
Stablecoin issuer Tether has made a $200 million strategic investment in Whop. Whop is an online marketplace. This move aims to expand stablecoin payments into more real-world use cases. Tetherโs USDT stablecoin currently has a market cap of about $183 billion. DeFiLlama data confirms this. It is the largest circulating stablecoin worldwide. Whop co-founder Steven Schwartz said Tetherโs investment pushed the companyโs valuation to $1.6 billion. He posted this on X. As part of the deal, Whop will integrate Tetherโs Wallet Development Kit (WDK). This allows users to send and receive payments in stablecoins like USDT. We see this as a practical step for wider adoption. I wonder how this will affect transaction volumes.
