---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-009301"
form_type: "8-K"
ticker: "SDEV"
cik: "0001389545"
company_name: "Stablecoin Development Corp"
filed_at: "2026-03-23T23:59:59+00:00"
generated_at: "2026-05-15T09:21:04.991264+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-26-009301
- form_type: 8-K
- ticker: SDEV
- cik: 0001389545
- company_name: Stablecoin Development Corp
- filed_at: 2026-03-23T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389545/000143774926009301/0001437749-26-009301-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389545/000143774926009301/nby20260320_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-009301
- JSON: https://secwatch.observer/filing/0001437749-26-009301.json
- Plain text: https://secwatch.observer/filing/0001437749-26-009301.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.