---
title: "Tether-Backed SDEV Completes $134 Million Private Placement to Boost SKY Holdings"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282905722.md"
description: "Stablecoin Development Corporation (SDEV), backed by Tether, has completed a $134 million private placement to enhance its holdings in SKY tokens. Currently, SDEV holds approximately 2.15 billion SKY tokens, representing about 9.15% of the total supply."
datetime: "2026-04-15T22:28:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282905722.md)
  - [en](https://longbridge.com/en/news/282905722.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282905722.md)
---

# Tether-Backed SDEV Completes $134 Million Private Placement to Boost SKY Holdings

Stablecoin Development Corporation (SDEV), backed by Tether, has successfully completed a $134 million private placement. According to NS3.AI, the funds raised are primarily aimed at increasing SDEV's holdings in SKY tokens. Currently, SDEV possesses approximately 2.15 billion SKY tokens, which accounts for about 9.15% of the total supply.

### Related Stocks

- [SDEV.US](https://longbridge.com/en/quote/SDEV.US.md)
- [USDTHKD.VAHK](https://longbridge.com/en/quote/USDTHKD.VAHK.md)
- [USDTUSD.VAHK](https://longbridge.com/en/quote/USDTUSD.VAHK.md)

## Related News & Research

- [OG Fan Token (OG) - Phemex Listing - 18 May 2026](https://longbridge.com/en/news/286824286.md)
- [Tether’s Freeze Powers Face Major Legal Test in $344M Iranian USDT Lawsuit](https://longbridge.com/en/news/286848133.md)
- [Tether-Backed Oobit Expands Into Colombia as Stablecoin Payments Boom Across Latin America](https://longbridge.com/en/news/286501701.md)
- [Gold.com Files Resale Registration for 3.37 Million Shares](https://longbridge.com/en/news/286952235.md)
- [Zest Protocol (ZEST) - Gate.io Listing - 19 May 2026](https://longbridge.com/en/news/286824282.md)