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Tether has moved. It's reported that they participated in a $134 million investment related to stablecoin projects, specifically through an investment arm in the funding round of Stablecoin Development Corporation.
The project itself is quite interesting, focusing on practical applications of stablecoins and DeFi as an on-chain holding platform. It seems they are trying to expand real-world use cases such as payments, remittances, and cross-platform fund transfers. Tether's involvement suggests they are serious about building the infrastructure for the stablecoin economy.
Framework Ventures is also involved, and they appear to be focusing on improving user experience. When talking about the development of digital asset infrastructure, it might sound exaggerated, but essentially, they aim to enhance practicality. When major players like Tether get involved, the market tends to react more readily.