NovaBay Pharmaceuticals to change name to Stablecoin Development Corporation

NovaBay (NBY) Pharmaceuticals announced that it will change its name to Stablecoin Development Corporation and its NYSE American ticker symbol to ‘SDEV’. “We are building the premier public market vehicle to access cash flows within the growing stablecoin economy,” said Michael Kazley, CEO of Stablecoin Development Corporation. The name change reflects the company’s strategic realignment as an on-chain holding company focused on protocol-aligned digital assets within the Sky protocol ecosystem, with trading under the new name expected to commence on Friday, April 3. As of March 16, the company holds approximately 2.06B SKY tokens, representing approximately 8.78% of the total supply of SKY, and has earned approximately 26.6M SKY tokens in cumulative staking rewards since commencing on-chain staking activities.