Tether Participates in SDEV's $134 Million Funding Round

Odaily News Stablecoin issuer Tether announced that its investment division has participated in a $134 million funding round for Stablecoin Development Corporation (SDEV). This round also saw participation from institutions including Framework Ventures. It is reported that Stablecoin Development Corporation, as an on-chain holding platform, is building an ecosystem around the practical applications of stablecoins and DeFi, covering scenarios such as payments, transfers, and cross-platform capital flows. It is committed to optimizing user experience and lowering barriers to entry, providing public market investment channels for the stablecoin economy and promoting the development of digital asset infrastructure.