US pharmaceutical company NovaBay Pharmaceuticals announced a rebranding to Stablecoin Development Corporation, with its stock ticker changed from NBY to SDEV, marking a shift in its business operations from the medical sector to cryptocurrency and stablecoin development. The company previously completed a $134 million private financing round and established SKY token holdings, currently holding approximately 2.06 billion SKY tokens, representing about 8.78% of total supply. The company has begun staking its SKY tokens and has cumulatively earned approximately 26.6 million reward tokens. (CoinDesk)
US pharmaceutical company NovaBay Pharmaceuticals announced a rebranding to Stablecoin Development Corporation, with its stock ticker changed from NBY to SDEV, marking a shift in its business operations from the medical sector to cryptocurrency and stablecoin development. The company previously completed a $134 million private financing round and established SKY token holdings, currently holding approximately 2.06 billion SKY tokens, representing about 8.78% of total supply. The company has begun staking its SKY tokens and has cumulatively earned approximately 26.6 million reward tokens. (CoinDesk)