Overview
- Tether Investments joined a $134 million financing for Stablecoin Development Corporation with R01 Fund LP and Framework Ventures.
- SDEV is listed on NYSE American, was formerly known as Janover, and positions itself as an on-chain holding company for stablecoin utilities.
- The company says it targets wallets, payment rails, and access points that support everyday payments and transfers using stablecoins.
- Tether reported $33 trillion in stablecoin transaction volume last year and says USDT now serves more than 570 million users, while total stablecoin circulation tops $300 billion.
- Tether CEO Paolo Ardoino said broader adoption now hinges on easier-to-use infrastructure, and SDEV shares recently traded at about $1.55.