(Svmuu) - Stablecoin issuer Tether has announced its participation, through its investment arm, in a $134 million funding round for Stablecoin Development Corporation, which is dedicated to providing the stablecoin economy with access to the open market for investment and advancing the development of digital asset infrastructure. The round also included participation from Framework Ventures and others. Stablecoin Development Corporation, as an on-chain holding platform, is reportedly building an ecosystem around the practical application of stablecoins and DeFi, covering scenarios such as payments, money transfers, and cross-platform fund flows, and is committed to optimizing the user experience and lowering the barrier to use.