Tether Invests $134 million in Crypto Infrastructure Firm SDEV

BlockBeats News, on April 15th, Tether officially announced that Tether Investments participated in a $134 million financing round for the publicly traded company Stablecoin Development Corporation (NYSE American: SDEV). Other investors in this round include R01 Fund LP, Framework Ventures, and other digital asset-focused investment firms.

SDEV is positioned as an on-chain holding company, focusing on stablecoin payments, transfers, cross-platform fund flows, and other infrastructure development, aiming to reduce user barriers to entry.