NovaBay Pharmaceuticals said it will exit pharmaceuticals and rebrand as Stablecoin Development Corporation (SDC), with the new ticker SDEV expected to begin trading April 3. The firm disclosed holdings of more than 2 billion SKY tokens (about 8.8% of supply, roughly $150 million) and said it has earned about 26.6 million SKY in staking rewards so far. Shares rose 19% to around $1.38 on the announcement, though the stock is still down more than 95% year to date.

Klarna has deployed KlarnaUSD, a USD-pegged stablecoin, on Tempo's testnet infrastructure. The buy now, pay later company positions the stablecoin as a tool to reduce international transaction costs, citing approximately $120 billion in annual global cross-border fees. A mainnet launch is scheduled for 2026.