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Tether participates in $134 million SDEV funding, accelerating the mainstream adoption of stablecoin infrastructure.
ME News Report, April 15 (UTC+8), according to an official announcement, stablecoin issuer Tether announced participation in a $134 million funding round for Stablecoin Development Corporation through its investment division. 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 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 fund flows, and is committed to optimizing user experience and lowering barriers to use. (Source: ChainCatcher)