TechFlame News - According to CoinDesk, U.S. pharmaceutical company NovaBay Pharmaceuticals has announced a rebranding to Stablecoin Development Corporation and changed its stock ticker from NBY to SDEV, marking a strategic shift from the healthcare sector to cryptocurrency and stablecoin development. The company previously completed a $134 million private placement and established a SKY token position, currently holding approximately 2.06 billion SKY tokens, representing about 8.78% of the total supply. The company has begun staking its SKY tokens and has accumulated approximately 26.6 million tokens in rewards so far.