Stablecoin Development Corporation (NYSE American: SDEV) Issues Update on SKY Token Holdings and Staking Rewards

April 6, 2026 – Emeryville, CA – Stablecoin Development Corporation (“SDEV”, formerly NovaBay Pharmaceuticals, Inc.) has released a significant operational update through a Form 8-K filing, announcing substantial developments in its digital asset treasury and staking activities associated with the Sky Protocol ecosystem. The corporation’s strategic moves into decentralized finance (DeFi) and blockchain-based assets mark a major transition that could impact its share value and investor outlook.

Key Highlights from the Report

• Major Change of Business Focus: The company has transitioned from its former identity as NovaBay Pharmaceuticals, Inc. to Stablecoin Development Corporation, signaling a pivot from pharmaceuticals to becoming an on-chain holding company focused on protocol-aligned digital assets, particularly in the stablecoin and DeFi sectors.
• Substantial SKY Token Holdings: As of March 31, 2026, SDEV holds approximately 2.15 billion SKY tokens. This is a noteworthy level of exposure to the Sky Protocol, one of the largest and most established decentralized finance platforms. The magnitude of this holding could make SDEV one of the largest corporate holders of SKY tokens globally.
• Active On-Chain Participation: SDEV is not just passively holding tokens but is actively participating in on-chain activities, including staking. Staking generates recurring protocol-based rewards, potentially creating an ongoing stream of digital asset income that could be significant for SDEV’s financials and valuation.
• Strategic Treasury Management: Management emphasized the company’s approach to “disciplined treasury management, staking participation, and long-term engagement in digital asset ecosystems.” This strategy aims to maximize shareholder exposure to the protocol-level economics of the rapidly growing stablecoin and DeFi sectors.

What Shareholders Need to Know (Potentially Price Sensitive Information)

• Exposure to Digital Asset Volatility: The company’s core value is now closely tied to the valuation and performance of the SKY token and the underlying Sky Protocol. As such, SDEV’s share price could become more volatile and sensitive to the wider digital asset market, especially trends affecting DeFi and stablecoins.
• Staking Rewards and Protocol Economics: By staking its SKY tokens, SDEV is generating protocol rewards. The scale and variability of these rewards depend on factors such as network participation, governance decisions, and broader adoption of the Sky Protocol. This could result in material fluctuations in SDEV’s reported earnings and asset valuations.
• Potential for Future Monetization: The company signaled the possibility of monetizing its SKY holdings and other digital assets in the future, which could result in large capital gains (or losses), depending on market conditions. Management has also left open the possibility of acquiring additional SKY tokens.
• Regulatory and Market Risks: As SDEV is now deeply embedded in the digital asset space, shareholders should be aware of potential regulatory developments, security risks, and DeFi market downturns that could materially affect the company’s underlying asset values and operations.
• Strategic Alignment with DeFi Growth: SDEV’s management believes that long-term engagement in protocol-aligned assets like SKY positions the company to benefit from the expected growth of the stablecoin infrastructure and broader DeFi ecosystem.

About Stablecoin Development Corporation

Stablecoin Development Corporation (NYSE American: SDEV) is an on-chain holding company dedicated to long-duration participation in protocol-aligned digital asset ecosystems. The company’s primary focus is on the Sky Protocol ecosystem, with SKY tokens as its core holding. SDEV pursues value through active treasury management, participation in staking, and engagement in protocol governance. This new strategy marks a departure from its historical pharmaceutical business.

About the Sky Protocol

Sky Protocol, originally evolved from the MakerDAO project, is a decentralized finance platform that enables the creation and management of stablecoins and other DeFi instruments. It is recognized as one of the most established and influential projects in the DeFi sector, which may add credibility and potential upside to SDEV’s strategic positioning.

Forward-Looking Statements

This update includes forward-looking statements regarding SDEV’s strategy, digital asset allocation, staking rewards, and plans to hold or monetize digital assets. Actual results may differ materially due to market volatility, protocol governance changes, regulatory developments, or other risks. SDEV does not undertake any obligation to update these statements except as required by law.

Investor Information

Investors, analysts, and media are encouraged to follow SDEV’s filings with the SEC, investor relations page, press releases, and official social media channels for the latest updates.

Disclaimer: This article is for informational purposes only and does not constitute an offer or solicitation to buy or sell any securities. The digital asset market is highly volatile and subject to regulatory and operational risks. Investors should conduct their own due diligence and consult with financial advisors before making investment decisions. Past performance is not indicative of future results.

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