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Tether Reveals $200M Investment Into Whop
Tether looks to strengthen its corporate ventures as Whop emerges as a new portfolio member, with $200M in committed capital to grow its platform.
Marketplaces and e-commerce businesses have an opportunity to become part of a large global platform under Whop, with Tether set to scale stablecoin settlements and payouts (Eduard / Unsplash)
Tether has made a $200M investment into Whop.
Tether is diversifying its investments portfolio with Whop representing a new way to launch, scale and profit from running an online business. The global digital marketplace enables users and owners to design landing pages and connect popular SaaS features. Underpinning this is Whop's use of Tether's latest WDK wallet and USDT stablecoin for payouts.
CEO and Co-founder Steven Schwartz expressed:
“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.”
The Tether team is going after opportunies that are developing innovative ways to connect people globally. As seen from its investment into Rumble and others, it is clear that the strategy of scaling the USDT stablecoin, as well as a host of other new products, is working by integrating internally into their portfolio companies' ecosystems.
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