Tether Invests in Digital Marketplace Whop
Tether Investments has made a strategic investment in Whop.com, a digital marketplace for entrepreneurs and creators. As part of the deal, Whop will integrate Tether's wallet infrastructure to enable stablecoin payments for its users. The partnership aims to expand the use of stablecoins in the digital economy.
- Whop's valuation reached approximately $800 million following a Series B funding round of over $50 million in June 2024, led by Bain Capital Ventures. This came after a $17 million Series A round in July 2023, which was led by Insight Partners. - The platform was founded in 2021 by Steven Schwartz (CEO), Cameron Zoub (CGO), and Jack Sharkey (CTO). Schwartz and Zoub first connected as teenagers in a Facebook group dedicated to reselling sneakers. - As of February 2026, Whop had facilitated $2.67 billion in cumulative lifetime sales for its 183,
