Crypto
Novabay to become stablecoin developer, shares jump 19 percent
Novabay Pharmaceuticals\' shares jumped 19 percent after it announced a shift to becoming a stablecoin developer, The Block reported on March 23. The company plans to rename itself Stablecoin Development Corporation and change its ticker symbol to SDEV from NBY. Novabay holds 2.06 billion SKY tokens, the governance token of Sky Protocol. SKY recently rose 15 percent and traded at $0.073.
