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Tether participates in $134 million funding for SDEV, accelerating the mainstream adoption of stablecoin infrastructure.
Deep Tide TechFlow News, April 15th, according to an official announcement from Tether, Tether Investments participated in a $134 million funding round for the publicly listed company Stablecoin Development Corporation (NYSE American: SDEV). Other participating investors include R01 Fund LP, Framework Ventures, and other digital asset investment institutions. SDEV is positioned as an on-chain holding company, focusing on infrastructure development such as stablecoin payments, transfers, and cross-platform fund flows, aiming to lower user barriers to entry. Currently, the global stablecoin circulation has exceeded $300 billion, with last year’s trading volume reaching $33 trillion, surpassing the combined total of Visa and Mastercard. The number of USD₮ users under Tether has reached 570 million.