CryptoBullishThe Block · 5h ago6/10
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Tether backs Stablecoin Development Corporation’s $134 million private placement used to acquire SKY tokens
Tether has backed the Stablecoin Development Corporation's $134 million private placement to acquire SKY tokens, with the holding company now maintaining approximately 2.15 billion SKY tokens in its treasury. This strategic investment signals confidence in SKY token adoption and strengthens the capital position of the publicly-traded entity.
