Tether has made a strategic investment in global creator marketplace Whop, The Block reported on Feb. 25 local time.
Whop processes $3 billion in annual payments. Through the partnership, it will introduce stablecoin payments in earnest.
Whop will use Tether’s Wallet Development Kit (WDK) to build a system that lets creators and users make payments with USDT and DUSAT. It plans to offer new AI-based revenue opportunities along with the global expansion of the creator economy.
Tether expects the collaboration to provide momentum for adding decentralised finance functions. It will also support lending and borrowing, and plans to build a self-custodial digital banking layer for the Whop community.
Tether CEO Paolo Ardoino (파올로 아르도이노) said, “This investment is part of Tether’s strategy to support the digital economy.” He added, “Through WDK, we will help Whop users access faster global payments and reliable financial tools.”
Chi-gyu Hwang
delight@d-today.co.kr