Business Description
Stablecoin Development Corporation, based in Emeryville, California, acquires and holds SKY tokens to participate in the Sky Protocol, a decentralized blockchain network. Through these holdings, the company takes part in activities such as staking and governance voting that help keep the protocol running. Originally founded in 2000 as NovaBay Pharmaceuticals, the company shifted its focus to digital assets and adopted its current name in April 2026.