---
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)

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