Whop raises $200M at $5.1B valuation after Tether's earlier backing
- —The $200M Series D was led by Sequoia Capital and Shopify Ventures
- —Valuation jumped from $1.6B in February to $5.1B
- —Annualized revenue topped $400M, up from $60M in early 2025
- —25,000 operators generate $550M monthly; cumulative volume exceeds $7B across 185 countries
Why it matters: Tether's large bet on a non-custodial business signals stablecoin issuers' push into payments infrastructure for digital companies.
Source: DiarioBitcoin