Tether has invested $200 million in Whop, enhancing its capabilities for stablecoin transactions and expanding its marketplace.
Tether has made a significant investment in the online marketplace Whop, acquiring a stake valued at $200 million. This partnership will see Whop integrate Tether's open-source wallet development kit (WDK), enabling transactions using stablecoins USDT and USAT.
Whop serves as a platform for creators to sell digital products such as software, subscriptions, and access to exclusive communities on platforms like Discord and Telegram. It has over 18.4 million users and has generated $3 billion in total earnings, with transaction volumes increasing by around 25% monthly.
According to Whop co-founder and CEO Steven Schwartz, this investment values the company at $1.6 billion. He expressed enthusiasm for the partnership, highlighting it as a pivotal moment in building a leading internet marketplace.
The collaboration will leverage Tether's infrastructure to expedite dollar transactions for content creators, particularly in regions with inefficient traditional payment systems. Furthermore, the integration of WDK will allow for the introduction of decentralized finance (DeFi) tools, such as lending and borrowing, fostering a non-custodial banking layer for Whop's community.
“Investing in Whop is a logical step in our strategy to support the real economy. We are building infrastructure that can scale to billions of people,” said Tether CEO Paolo Ardoino.
This investment will also facilitate Whop's expansion into Latin America, Europe, and the Asia-Pacific region, enhancing its financial infrastructure and enabling the use of AI tools for automated earnings. Tether's WDK was introduced in October 2025, designed for various users including individuals, machines, and AI agents, with multi-chain wallets that work across different devices.
Earlier this year, Tether also invested in LayerZero Labs and the Dreamcash application, continuing its strategy of supporting innovative technologies and platforms.
