---
title: "NovaBay Pharmaceuticals Announces Name Change to Stablecoin Development Corporation, Reports Initial Staking Rewards, and Provides SKY Token Holdings Update"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283232815.md"
description: "Stablecoin Development Corporation recently secured a substantial $134 million investment from R01 Fund LP, Framework Ventures, Tether Investments, S.A. de C.V., and Sky Frontier Foundation. This investment has enabled the acquisition of 2.06 billion SKY tokens by the corporation."
datetime: "2026-04-18T19:50:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283232815.md)
  - [en](https://longbridge.com/en/news/283232815.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283232815.md)
---

# NovaBay Pharmaceuticals Announces Name Change to Stablecoin Development Corporation, Reports Initial Staking Rewards, and Provides SKY Token Holdings Update

Stablecoin Development Corporation recently secured a substantial $134 million investment from R01 Fund LP, Framework Ventures, Tether Investments, S.A. de C.V., and Sky Frontier Foundation. This investment has enabled the acquisition of 2.06 billion SKY tokens by the corporation.

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