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I heard that Tether participated in a major funding round related to SDVC, and it seems to be around $134 million. Investments related to stablecoins have been increasing lately.
SDVC apparently is building a stakeholding platform on the chain, basically trying to expand practical uses of stablecoins such as payments, remittances, and cross-platform fund transfers. Including applications in DeFi, they seem to be aiming to build an ecosystem that is user-friendly.
Since frameworks like Framework Ventures are also investing together, it indicates a pretty serious commitment. They mention providing a public market investment channel into the stablecoin economy, which feels like a move toward developing digital asset infrastructure. It will be interesting to see how far SDVC's initiatives actually penetrate.