Tether Participates in $134 Million SDEV Funding Round to Accelerate Mainstream Adoption of Stablecoin Infrastructure
According to an official announcement by Tether, Tether Investments participated in a $134 million financing round for the publicly listed Stablecoin Development Corporation (NYSE American: SDEV), with other investors including R01 Fund LP and Framework Ventures—digital asset-focused investment firms. SDEV positions itself as an on-chain holding company dedicated to building infrastructure for stablecoin payments, transfers, and cross-platform fund flows, aiming to lower user adoption barriers. Globally, the circulating supply of stablecoins has surpassed $300 billion, while last year’s transaction volume reached $33 trillion—exceeding the combined total of Visa and Mastercard. Meanwhile, Tether’s USD₮ user base has grown to 570 million.