Stablecoin Development Corporation — Third Quarter 2026 Earnings Summary

Stablecoin Development Corporation reported a net income of $50.4 million for the third quarter of 2026, driven by a $58.8 million non-cash unrealized gain on its SKY token holdings as the asset price rose approximately 49%. The company's SKY position grew to 2.32 billion tokens, representing about 10% of the total supply, and generated $2.1 million in staking revenue during the quarter. As of September 30, 2026, the company held no debt or warrant liabilities, with total liabilities consisting primarily of a $5.6 million deferred tax expense. Subsequent to the quarter, the company received approximately $45.9 million in net proceeds from its at-the-market offering program and continued to hold its SKY tokens without selling any.