Tether, issuer of USDT, invests $200 million in Whop to expand stablecoin payments
CoinDesk
Tether is investing $200 million in the digital marketplace Whop to integrate USDT and power crypto payments for its users.Summary
Tether, the issuer of the USDT stablecoin, is investing $200 million in the online digital marketplace Whop, valuing the startup at $1.6 billion. Whop, which hosts creators selling access to tools, courses, and communities to 18.4 million users, will integrate Tether's crypto wallet tools and support USDT and USAT stablecoins for payments. This integration allows creators to accept digital dollar payments globally without traditional banking intermediaries. The funding will support Whop's expansion into Latin America, Europe, and Asia-Pacific, and enable the addition of DeFi-powered lending and borrowing tools. This move deepens Tether's presence in consumer-facing commerce platforms.
(Source：CoinDesk)