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Tether invests in Whop to power stablecoin payments

Tether will integrate its Wallet Development Kit with Whop to enable stablecoin settlement across the platform.

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by Defused News Writer
Tether invests in Whop to power stablecoin payments

Tether said it has made a strategic investment in Whop and will integrate its Wallet Development Kit (WDK) to bring stablecoin payments to the market’s global user base.

The move is positioned as an effort to extend stablecoin infrastructure into real economic activity, the company said in a statement, enabling faster dollar settlement and reduced friction where traditional payment systems add cost.

Whop currently supports more than 18.4 million users, with participants earning approximately $3 billion annually, and gross transaction volume growing roughly 25% month over month, the statement said. Tether’s ecosystem reach is cited at more than 530 million users globally, with more than 180 billion dollars of issued digital dollars available for liquidity.

“Stablecoins and wallets become most powerful when they are embedded directly into people’s lives, supporting their businesses, activities, families, and individual stories,” said Paolo Ardoino, CEO of Tether. “With Tether’s investment, we’re accelerating our vision to build the world’s largest internet market – where anyone in the world can create, connect, and get paid instantly,” said Steven Schwartz, CEO & Co-Founder of Whop.

Whop will use WDK to offer a self-custodial wallet experience, on-chain settlement and DeFi-enabled features such as lending and borrowing. The funding will also support aggressive international expansion across LATAM, Europe and APAC and the development of AI tools to enable new income opportunities; WDK is available for free at whop.com.

The recap

  • Strategic funding supports Whop platform growth and WDK integration
  • Whop supports more than 18.4 million users globally
  • Funding will support expansion across LATAM, Europe and APAC
Defused News Writer profile image
by Defused News Writer