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SDEVNYSEFinance ServicesFiscal year ends December 31

Stablecoin Development Corp

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$0.84−0.04 (-4.81%)

Close on Oct 19, 2026

Market cap
$26.03M
P/E (TTM)
–
Dividend yield
477.10%

About Stablecoin Development

Finance Services, SIC 6199

The company focuses on participation in blockchain networks and the deployment of operating digital assets, following a strategic business realignment. Its ongoing digital asset operations involve tokens such as SKY, USDS, and USDT under the oversight of an established Digital Asset Strategy Advisory Committee alongside executive management. Historically, the business engaged in commercializing healthcare and wellness products, including eye care products under the Avenova brand, wound care treatments such as Neutrophase, and skincare lines through Dermadoctor and PhaseOne Health. These legacy medical and consumer health assets were subsequently divested or classified as discontinued operations, shifting the primary organizational focus toward digital technology systems, network participation, and digital asset strategies.

The company maintains its principal corporate headquarters and administrative office space in Emeryville, California. Its corporate tax and administrative footprint includes registrations across domestic jurisdictions, specifically California, New York, South Carolina, New Jersey, and Florida. Beyond its California headquarters, the text reports no retail stores, research laboratories, or international operational facilities.

Summary of the business section of Stablecoin Development's latest annual report, written by StockData.

Company profile

Company

Legal name
Stablecoin Development Corp
Headquarters
West Palm Beach, FL
Address
222 Lakeview Ave, Suite 800 33401
Phone
(561) 206-4345
Employees
4, Dec 31, 2025
Industry
Finance Services
Incorporated in
Delaware
Fiscal year ends
December 31
Auditor
CBIZ CPAs P.C., Philadelphia, PA

Stock & identifiers

Ticker
SDEV
Exchange
NYSE
IPO date
Oct 26, 2007
Shares outstanding
51M, Jul 27, 2026
Public float
$3.37M, Jun 30, 2025
Filer category
Non-accelerated filer<br>Smaller reporting company
Stock splits
1-for-5 reverse, Mar 19, 2026; 1-for-5 reverse, Feb 23, 2026; 1-for-35 reverse, Jun 30, 2024; 1-for-35 reverse, May 31, 2024; 1-for-35 reverse, Nov 16, 2022; 1-for-25 reverse, Mar 4, 2016; 1-for-25 reverse, Dec 21, 2015
SEC CIK
1389545
CUSIP
66987P508
ISIN
US66987P5089
LEI
549300D5U7PQPNEX8Q38
EIN
68-0454536

Executives and directors

Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years

NamePositionShares owned
Fund LP R01Chief Executive Officer, Director11,361,216
Michael John KazleyChief Executive Officer, Director79,474,596
Henry BlynnChief Operating Officer–
Tommy LawChief Financial Officer0
David Garcia RiosDirector–
Paul E. FreimanDirector1,783
Yenyou ZhengDirector1,716
Swan SitDirector1,716

CEO pay and shareholder return

Pay versus performance table from the proxy statement

Fiscal yearCEO total payCEO pay actually paidOther executives (avg)Value of $100 investedPeer group
FY2025$1.27M$1.27M$436.80K$9–
FY2024$365.18K$366.46K$220.20K$1–
FY2023$364.15K$358.86K$190.84K$10–
FY2022$364.95K$111.49K$259.29K$8–
FY2021$795.52K$490.90K$528.70K$54–

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

Employees

Headcount reported in annual reports

“As of December 31, 2025, on a consolidated basis, we had a total of 4 employees, 2 of whom were full-time employees and 2 who were part-time employees.”

Corporate history

Events identified from SEC filings

DateEventDetails
Mar 23, 2026Name changeName changed from NovaBay Pharmaceuticals, Inc. to Stablecoin Development Corp
Jan 30, 2026Auditor changeChange in certifying accountant (8-K Item 4.01)
Jan 28, 2026Auditor changeChange in certifying accountant (8-K Item 4.01)
Apr 1, 2025Late filingNotification of late filing
Jan 23, 2025Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Jan 10, 2025Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Oct 16, 2024Merger voteDefinitive merger proxy statement
Jun 7, 2024Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
May 29, 2024Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Apr 19, 2024Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Mar 26, 2024Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Oct 7, 2022Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Nov 12, 2021Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Jul 21, 2021Auditor changeChange in certifying accountant (8-K Item 4.01)
May 21, 2019Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Apr 15, 2019Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Dec 12, 2017Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Sep 20, 2017Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
May 19, 2017Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Mar 22, 2016Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Jul 16, 2015Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
May 1, 2015Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Apr 6, 2010Auditor changeChange in certifying accountant (8-K Item 4.01)
Dec 31, 2008Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Oct 26, 2007IPOInitial public offering priced (424B4 prospectus)
Aug 29, 2007ListingRegistration of securities on an exchange (Form 8-A)