TLDR Tech / Crypto
How Whop Launched a Global Card Program in Weeks Using Stablecoins
Whop, a marketplace used by 40,000 businesses across 145 countries generating $4 billion in annualized earnings, replaced multi-day bank withdrawals with instant global spending by partnering with Rain to issue Visa cards backed by stablecoin balances. Historically, launching a card program with worldwide reach required years of country-by-country compliance work and prefunding across correspondent banking networks. With Rain, Whop went live globally from day one, with business balances held in stablecoins and Rain handling daily Visa settlement. The launch follows Tether's $200 million investment in Whop at a $1.6 billion valuation, completing a vision where storefronts, ads, wallets, and spending all live inside one platform.
Read the full story