NovaBay Pharmaceuticals Rebrands and Acquires Significant SKY Token Stake

NovaBay Pharmaceuticals has announced its rebranding to Stablecoin Development Corporation. According to NS3.AI, the company has acquired approximately 2.06 billion SKY tokens, representing about 8.78% of the total SKY supply. The acquisition strategy involved purchasing over half of the tokens on the open market at an average price of $0.065, with the remainder obtained through a financing agreement. The company is currently staking these tokens as part of its new strategic direction.