Tether supported Stablecoin Development Corporation’s completed $134 million private placement, adding to previously disclosed backing for the company’s stablecoin-focused infrastructure efforts. SDEV now holds about 2.15 billion SKY, representing roughly 9.15% of total supply, and is building exposure around Sky Protocol and the USDS stablecoin. Paolo Ardoino said future stablecoin growth will depend on usability and infrastructure, linking the financing to broader efforts to support practical stablecoin payments, transfers, and related systems.