On September 2, 2026, the board appointed David Garcia Rios as a Class II director, nominated by Sky Frontier Foundation (SFF), which beneficially owns approximately 9.99% of outstanding common stock following its purchase of $16 million in pre-funded warrants from a $134 million aggregate private placement. Concurrently, the company filed Certificates of Withdrawal with the Delaware Secretary of State to eliminate six series of preferred stock (Series A through F) that had zero shares outstanding, returning 5,000,000 authorized shares to available status for future designation. Stablecoin Development Corporation operates in the digital asset and cryptocurrency infrastructure sector.

Stablecoin Development Corporation reported second quarter 2026 financial results on July 31, 2026, including staking revenue of $2.2 million and an operating loss of $53.8 million driven by a $50.6 million non-cash unrealized loss on digital assets. The company holds approximately 2.29 billion SKY tokens, representing about 10% of the total supply, with a fair value of $119.2 million as of June 30, 2026. During the quarter, SDEV earned 31.7 million SKY in staking rewards and completed the cashless exercise of all outstanding October 2025 Pre-Funded Warrants on June 15, 2026, eliminating remaining warrant liabilities from its balance sheet. The company also relocated its headquarters to West Palm Beach, Florida, effective July 1, 2026, to reduce fixed costs. Stablecoin Development Corporation is an on-chain holding company focused on long-duration participation in the Sky Protocol digital asset ecosystem.

Stablecoin Development Corporation appointed Henry Blynn as Chief Operating Officer, effective July 15, 2026, with an annual base salary of $300,000 and a 50% target cash bonus. CEO Michael Kazley's annual salary will be set at $400,000 starting January 1, 2027. The company is in the digital asset space and develops stablecoin technology.