Stablecoin Development Corporation Appoints Henry Blynn as COO and Sets 2027 CEO Salary
On July 15, 2026, Stablecoin Development Corporation (the "Company") appointed Henry Blynn as Chief Operating Officer. Mr. Blynn, 32, previously served as the Companyβs Head of Business Operations and Strategy. His compensation includes an annual base salary of $300,000, a target annual cash bonus of 50% of his base salary, and a prior grant of 1,400,000 time-based restricted stock units (RSUs) that will vest in three equal installments through January 2029. The agreement includes severance benefits of six months' salary and health coverage, increasing to twelve months if terminated following a change in control. Additionally, the Board approved a new compensation structure for CEO Michael Kazley. Effective January 1, 2027, Mr. Kazley will receive an annual salary of $400,000. He has served as CEO and Chairman since October 2025 without a salary and will continue to do so for the remainder of 2026. His target annual bonus remains at 100% of his base salary. The Company also entered into customary indemnification agreements with its officers.