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US-listed NovaBay Pharmaceuticals Rebrands and Establishes SKY Holdings
Mars Finance News: On March 23, American pharmaceutical company NovaBay Pharmaceuticals announced that it has changed its name to Stablecoin Development Corporation and will change its stock ticker from NBY to SDEV, marking a shift from the medical field to cryptocurrency and stablecoin development. The company previously completed a private placement of $134 million and established a SKY token holding, currently holding approximately 2.06 billion SKY tokens, about 8.78% of the total supply. The company has begun staking its SKY tokens and has currently earned rewards of about 26.6 million tokens. (CoinDesk)