Sky Protocol Reports Q3 2026 Growth with $37.19M Net Revenue and Increased Institutional Adoption
Sky Frontier Foundation's Q3 2026 report highlights significant institutional integration, headlined by Galaxy Digital adding $100 million of sUSDS to its corporate balance sheet and approving it as collateral for its $1.4 billion lending operation. The protocol achieved a net revenue of $37.19 million, an 11.8% increase from the previous quarter, while expanding its net revenue margin to 37.5%. Financial stability was reinforced by Moody's assigning its first counterparty risk rating to Sky Protocol, making it the first stablecoin protocol rated by both Moody's and S&P Global. The sUSDS circulating supply grew significantly to $4.52 billion, a 118% year-over-year increase. Revenue is being prioritized toward reaching a $150 million solvency reserve target, with $85.08 million currently held.
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Topics: Counterparty Risk Rating Institutional Adoption Net Revenue Onchain Finance
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