Stablecoin Development Corporation

Item 2.02. Results of Operations and Financial Condition. Selected Preliminary Quarter-End Information and Digital Asset Holdings Stablecoin Development Corporation (the “Company”) is providing the following update regarding its digital asset holdings and selected balance sheet information as of September 30, 2026. All figures are preliminary and unaudited, remain subject to the completion of the Company’s quarter-end closing procedures, and are qualified in their entirety by the financial statements to be included in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2026. As of September 30, 2026, the Company held 2,321,079,862 SKY tokens (“SKY”), the governance token of the Sky Protocol, substantially all of which was deployed in the Sky Protocol’s staking smart contract. Based on a SKY price of $0.07764 as of September 30, 2026, the fair value of the Company’s SKY holdings (its “Digital Asset NAV,” as defined in the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026) was approximately $180.2 million, as compared to approximately $119.2 million as of June 30, 2026. During the quarter ended September 30, 2026, the Company earned approximately 34.6 million SKY in staking rewards. All staking rewards earned to date have been retained, substantially all of which remain deployed in staking, and the Company has not sold any SKY to date. As of September 30, 2026, the Company held approximately $7.2 million in cash and cash equivalents (excluding restricted cash) and had no outstanding indebtedness.

Item 8.01. Other Events. Current Digital Asset Holdings As of October 2, 2026, the Company held approximately 2,321,910,691 SKY, representing approximately 10% of the total supply of SKY. As previously reported in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026, the Company held 2,286,511,374 SKY as of June 30, 2026, representing approximately 10% of the total supply of SKY. The disclosure set forth under Item 2.02 of this Current Report on Form 8-K regarding the Company’s digital asset holdings and selected balance sheet information as of September 30, 2026, and the supplemental information regarding the Company’s business and the risks related thereto attached to this Current Report on Form 8-K as Exhibit 99.1, are incorporated herein by reference. Cautionary Note Regarding Forward-Looking Statements This Current Report on Form 8-K contains statements that are not historical facts and are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding the Company’s digital asset strategy, staking activities and the expected retention and re-staking of staking rewards. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including the risks described in the Company’s filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as amended, and its subsequent Quarterly Reports on Form 10-Q. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.