What to Know
- Tether invested in Whop to bring stablecoin payments to its 18.4M global users.
- Whop will integrate Tether’s wallet tech to enable faster, direct digital dollar payments.
- The partnership supports Whop’s global expansion and aims to simplify creator payouts.
Tether Investments has announced a strategic investment in Whop. The move is aimed at expanding the use of stablecoin payments and making it easier for people around the world to send and receive digital dollars.
Whop currently has more than 18.4 million users across 144 countries, with creators earning around $3 billion every year through the platform. By partnering with Whop, Tether wants to bring faster and simpler payments using its stablecoins, including USD₮ and USA₮.
The partnership will allow Whop users to accept payments in stablecoins, which are digital currencies designed to hold the same value as traditional money like the U.S. dollar. This can help users avoid delays, high fees, and limitations often seen with traditional payment systems, especially for international transactions.
Whop to integrate Tether’s Wallet
As part of the deal, Whop will integrate Tether’s Wallet Development Kit (WDK), a toolkit that helps platforms build secure digital wallets. This will allow Whop users to send, receive, and store stablecoins directly on the platform while keeping full control of their funds.
The integration will also help Whop create a built-in wallet experience for its users, making payments faster and easier. In the future, it could also support features like lending, borrowing, and other financial tools within the platform.
Paolo Ardoino, CEO of Tether, said the goal is to make stablecoins useful in everyday life. “Stablecoins and wallets become most powerful when they are embedded directly into people’s lives,” Ardoino said. “Our investment in Whop reflects our focus on supporting real economic activity by providing efficient digital dollar and wallet infrastructure that can scale to billions of people.”
Faster Global Payments
One of the main goals of the partnership is to help creators and online entrepreneurs get paid faster, regardless of where they live. Traditional payment systems can be slow and expensive, especially when sending money across borders. By using stablecoin, Whop users will be able to receive payments almost instantly. This is especially important for creators, freelancers, and small business owners who depend on fast payments to run their businesses.
Steven Schwartz, CEO and co-founder of Whop, said the partnership will help the platform grow even faster. “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,” Schwartz said. “Payments need to move as freely as the internet itself.” Whop’s transaction volume has been growing rapidly, increasing by around 25% every month. The company believes that adding stablecoin payments will help support even more growth.
Expansion Plans
The new funding will help Whop expand into regions such as Latin America, Europe, and Asia-Pacific. These regions have seen strong growth in digital businesses, but many users still face challenges with traditional payment systems.
Stablecoins offer an alternative by allowing users to send and receive money quickly without relying on banks or payment processors that may charge high fees. Whop also plans to introduce new AI-powered tools that could help users create income opportunities online. These tools are designed to support the next generation of internet entrepreneurs.
Strengthening Tether
The partnership with Whop is part of Tether’s broader effort to expand stablecoin usage worldwide. Tether already has a large global presence, with over 530 million users across its ecosystem and more than $180 billion worth of digital dollars issued. By connecting Whop’s platform with Tether’s infrastructure, both companies aim to bring stablecoin payments to millions of new users.
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