Stablecoin Development Corp stock jumps tenfold with no apparent catalyst
- —Market cap surged from about $50 million to nearly $500 million in two weeks
- —Shares neared $10 before retreating to roughly $4.50
- —Company told the SEC it has no explanation and sees no need for corrective action
- —Tether's warrants on the company become exercisable in mid-October
Why it matters: The unexplained rally and imminent Tether warrant exercise raise the risk of a sharp reversal and draw regulatory scrutiny.
Source: Protos