An interesting move in the market: Tether is investing 200 million dollars in Whop, a digital marketplace for creators. The deal values the platform at 1.6 billion dollars, signaling the seriousness of its intentions. Whop already has 18.4 million users, and participants earn about 3 billion annually, so this isn’t a small project.



The core of the deal is that Whop will integrate the Tether crypto wallet. This means creators and users will be able to work directly with stablecoins—USDT from Tether and USAT—without intermediaries like banks or card networks. In other words, if you previously had to convert to ton to usdt or any other currency through traditional channels, now it will be more straightforward on Whop.

The funding is going toward expanding Whop in Latin America, Europe, and the Asia-Pacific region. In addition, plans include adding lending and borrowing tools based on DeFi infrastructure. This suggests that Tether is seriously interested in bringing stablecoins into everyday online commerce, not just speculative trading.

What’s also interesting is that the platform is growing rapidly—gross transactions are increasing by approximately 25% month over month. When figures like these are combined with investments from players like Tether, it’s a sign that consumer crypto commerce is gaining momentum. USDT, with a market cap of 185 billion, remains a popular tool for accessing US dollars, especially in developing countries, and such partnerships make it even more accessible.
USAT-0.09%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin