NovaBay to rename Stablecoin Development Corp; holds 2.06B SKY tokens (8.78% of supply)

Stablecoin Development Corp

Name change to Stablecoin Development Corporation; ticker changes from NBY to SDEV effective Apr 3, 2026.
Holds approx. 2.06 billion SKY tokens (~8.78% of total supply) as of March 16, 2026.
Cumulative staking rewards of 26.6 million SKY tokens earned from on-chain staking.
Acquired 1.09B additional SKY on open market at avg ~$0.065/token using $70.7M from private placement.
January 2026 private placement raised ~$134M from R01 Fund, Framework Ventures, Tether Investments, Sky Frontier Foundation.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.