Mentioned:
There’s a new company on the New York Stock Exchange. And they want to be on the leading edge of stablecoin adoption.
What’s happening:
- Stablecoin Development Corp (NYSE: SDEV) has officially begun trading on the New York Stock Exchange
Why it matters:
- Stablecoin Development Corp is the first publicly traded company focused exclusively on holding SKY tokens and generating staking rewards from the SKY ecosystem
Going deeper:
- Stablecoin Development Corp currently holds approximately 9% of the total circulating supply of SKY tokens
- The SKY protocol is the creator of the highly popular USDS decentralized stablecoin which has quickly become one of the leading stablecoins for both on-chain yield and collateral for decentralized finance applications
