NovaBay Pharmaceuticals has announced a strategic pivot, rebranding as Stablecoin Development Corporation (SDEV) effective April 3, 2026. The company's stock surged 18% following the announcement. Backed by $134 million from investors including Tether and Framework Ventures, SDEV will focus on stablecoin development, leveraging its 2.06 billion SKY tokens to generate blockchain returns. CEO Michael Kazley emphasized the company's aim to become a leading public market vehicle in the stablecoin economy. In Canada, Deloitte has partnered with Stablecorp to integrate QCAD stablecoins into financial systems, aligning with new regulations like Bill C-15. This collaboration aims to enhance Canada's payments landscape by offering a compliant stablecoin solution for banks, facilitating faster and cost-effective transactions. Soumak Chatterjee of Deloitte highlighted the potential of stablecoins to transform the financial sector, while Stablecorp CEO Kesem Frank noted the partnership's significance in unlocking QCAD's benefits.