According to CoinMeta, the online commerce platform Whop has completed a $200 million Series D financing round, with a post-investment valuation of $5.1 billion. The round was led jointly by Sequoia Capital and Shopify Ventures. In February 2026, Tether made a strategic investment of $20 million in Whop with a valuation of $160 million. Currently, there are about 25,000 merchants conducting business through Whop, generating approximately $550 million in transaction volume each month on the platform.