Stablecoin Development Corp
For the period ended Jul 31, 2026. Filed Jul 31, 2026.
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Jul 31, 2026 · Filed Jul 31, 2026
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SDEV$0.98+9.3%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · Sky Protocol Ecosystem Update
Sky Protocol Ecosystem Update
The Sky Protocol ecosystem, through which the Company’s SKY holdings generate staking rewards, continued to grow during the second quarter of 2026. Selected Sky Protocol ecosystem metrics, as reported by Sky Ecosystem Insights for the periods indicated, include the following¹:
| • | Protocol revenue at a record run-rate. The Sky Protocol reported an annualized gross protocol revenue run-rate of approximately $419 million, based on the most recent three monthly settlement cycles, ranking it among the highest-revenue on-chain applications. |
| • | Net protocol surplus turned positive. Preliminary second-quarter 2026 results showed approximately $29.9 million in net protocol surplus remitted to Sky reserves, compared to a negative $8.2 million in the second quarter of 2025, on gross protocol revenue of approximately $107.4 million, up approximately 10.5% year over year. |
| • | Growing solvency reserves. Sky reserves reached approximately $82.5 million as of June 30, 2026, or approximately 55% of the protocol’s $150 million reserve target. |
| • | Scaled stablecoin supply. USDS supply reached approximately $10.0 billion as of June 30, 2026, up approximately 97% year over year, with cumulative yield accrued to sUSDS holders through the Sky Savings Rate surpassing $250 million since inception. |
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