Tether participates in SDEV's $134 million funding round

According to Odaily, stablecoin issuer Tether announced that it has participated—through its investment arm—in Stablecoin Development Corporation's $134 million funding round. The company is dedicated to providing open-market investment channels for the stablecoin economy and promoting the development of digital asset infrastructure. This funding round also included participation from institutions such as Framework Ventures. Reportedly, as an on-chain holding platform, Stablecoin Development Corporation is building an ecosystem centered on the practical applications of stablecoins and DeFi, covering payment, remittance, and cross-platform fund flows, and is committed to optimizing the user experience and lowering the barrier to entry.