Tether Investments said it aims to promote the use of stablecoin payments by making a strategic investment in Whop, an internet market designed to help users launch businesses and accept payments.
The companies’ collaboration will enable the creators and users on Whop’s platform to use Tether’s USDT and USAT stablecoins, Tether said in a Wednesday (Feb. 25) press release.
Whop Co-founder and CEO Steven Schwartz said in a Wednesday post on X that Tether invested $200 million and that this valued Whop at $1.6 billion.
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In addition, Whop will use Tether’s Wallet Development Kit (WDK), a framework that enables on-chain settlement, according to the press release. With WDK, Whop will be able to offer creators and users more efficient global payments and will become a self-custodial wallet for its community, the release said.
“Stablecoins and wallets become most powerful when they are embedded directly into people’s lives, supporting their businesses, activities, families and individual stories,” Tether CEO Paolo Ardoino said in the release. “Our investment in Whop proudly reflects Tether’s focus on supporting real economic activity by providing efficient digital dollar and wallet infrastructure that can scale to billions of people, across every continent.”
Whop’s platform supports more than 18.4 million users, has participants earning a collective $3 billion annually, and is growing its gross transaction volume by 25% month over month, according to the release.
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With the new funding, Whop will continue its expansion across Latin America, Europe and the Asia-Pacific region, per the release.
“Our partnership with Tether marks a major step in building the world’s largest internet market,” Schwartz said in his post on X. “Tether is committed to enabling everyone in the world to participate in the new internet economy. The way humans work and create value is changing fast. The world needs both an open internet market giving people a platform to conduct business, as well as a transparent payments network.”
Whop said in September 2025 that it launched its own payment infrastructure called Whop Payments that features multi-payment service provider (PSP) orchestration and global payout capabilities across 241 territories. The platform’s orchestration layer instantly routes transactions through alternative processors if a payment encounters a decline.
