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Tether Invests $200 Million in Whop at $1.6 Billion Valuation to Embed Stablecoin Wallets

Whop will roll out self-custodial wallets with on-chain settlement using Tether’s open-source WDK.

Overview

  • The deal, confirmed by Whop’s CEO, sets a $1.6 billion valuation and brings native support for USD₮ and USA₮ to the marketplace.
  • Planned features include creator payouts in digital dollars, global settlement without banks or card networks, and DeFi tools such as lending and borrowing, to be rolled out in phases.
  • Whop reports 18.4 million users across 144 countries and approximately $3 billion in annual creator earnings.
  • Tether’s investment is earmarked for expansion across Latin America, Europe and Asia-Pacific as well as development of AI tools to create new income opportunities.
  • Tether says its WDK supports multiple assets, including Bitcoin and the Lightning Network, as it aims to extend stablecoin use into everyday online commerce.