The Blockβ’Wednesday, April 15, 2026 at 08:44 PMβ’1 min read
Tether Backs Stablecoin Development Corp
The Signal TakeBullish
The Stablecoin Development Corporation, a publicly-traded holding company, has completed a $134 million private placement backed by Tether. The funds will be used to acquire SKY tokens, adding to the corporation's existing treasury of approximately 2.15 billion SKY tokens.
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