According to a report from the Sky Frontier Foundation, the revenue of the Sky agreement reached $123.79 million in the first quarter of 2026, a year-on-year increase of 28.9% and a month on month increase of 56.8%, setting a new historical high. The net surplus is $46.04 million, accounting for 92.4% of the total net surplus for the year 2025. The collateral for the agreement increased to $13.03 billion year-on-year, and the supply of USDS reached $11.7 billion, a year-on-year increase of 67.9%. The supply of USDS reached 6.49 billion US dollars, becoming the largest interest bearing stablecoin. On March 14th, Sky Governance approved a capital restructuring and plans to establish a solvency reserve of $150 million.
