ME News reports that on April 15 (UTC+8), according to an official announcement, stablecoin issuer Tether announced its participation, through its investment arm, in a $134 million funding round for Stablecoin Development Corporation, a company focused on providing public market investment channels for the stablecoin economy and advancing digital asset infrastructure. The round also included participation from institutions such as Framework Ventures. Stablecoin Development Corporation, operating as an on-chain holding platform, is building an ecosystem around real-world applications of stablecoins and DeFi, encompassing use cases such as payments, transfers, and cross-platform fund flows, while striving to enhance user experience and lower barriers to adoption. (Source: ChainCatcher)
Tether Joins $134M Funding Round for SDEV to Enhance Stablecoin Infrastructure
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Summary
Tether has participated in a $134 million project funding round for Stablecoin Development Corporation (SDEV) through its investment arm. SDEV is developing a blockchain-based platform to support stablecoin and DeFi applications, including payments and cross-platform liquidity. The round also included Framework Ventures. As part of its mission, SDEV aims to enhance user experience and expand open market investment channels for digital assets. The platform focuses on lowering entry barriers and strengthening infrastructure for stablecoin economies.
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