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Tether participates in $134 million financing for SDEV, accelerating the mainstreaming of stablecoin infrastructure
According to an official announcement, the stablecoin issuer Tether has announced its participation in a $134 million financing round for Stablecoin Development Corporation through its investment division. This company is dedicated to providing public market investment channels for the stablecoin economy and promoting the development of digital asset infrastructure. This financing round also includes participation from institutions such as 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, and is committed to optimizing user experience and lowering usage barriers.
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