US publicly traded company NovaBay Pharmaceuticals rebrands and establishes SKY portfolio

BlockBeats News, March 23, NovaBay Pharmaceuticals, a US pharmaceutical company, announced its renaming to Stablecoin Development Corporation and a change of its stock ticker from NBY to SDEV, marking its transition from the medical field to crypto and stablecoin development.

The company has previously completed a $134 million private placement financing and established a holding of SKY tokens, currently holding approximately 20.6 billion SKY, about 8.78% of the total supply. The company has started staking its SKY tokens, currently receiving a cumulative reward of about 26.6 million tokens. (CoinDesk)