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Exhibit 99.1 Stablecoin Development Corporation Reports Second Quarter 2026 Financial Results Staking revenue of $ 2.2 million for the quarter and $ 4.7 million for the first half of 2026 SDEV grew its SKY position to 2.29 billion tokens ( approximately 10 % of total SKY supply ) and eliminated all remaining warrant liabilities from its balance sheet WEST PALM BEACH , Fla . , July 31 , 2026 ( GLOBE NEWSWIRE ) -- Stablecoin Development Corporation ( NYSE American : SDEV ) ( the “ Company ” or “ SDEV ” ) , an on - chain holding company focused on long - duration participation in protocol - aligned digital asset ecosystems and providing public market access to the stablecoin economy , yesterday reported financial results for the second quarter and first half ended June 30 , 2026. The Company filed its Quarterly Report on Form 10 - Q with the Securities and Exchange Commission on July 30 , 2026 . For the second quarter of 2026 , the Company reported staking revenue of $ 2.2 million , a non - cash unrealized loss on digital assets of $ 50.6 million , and an operating loss of $ 53.8 million . For the first half of 2026 , the Company reported staking revenue of $ 4.7 million and an operating loss of $ 31.6 million . " In the second quarter we continued to build our position in what we believe is one of the most attractive on - chain ecosystems in digital finance , generating $ 2.2 million of staking revenue while growing our SKY holdings to approximately 10 % of total SKY supply , " said Michael Kazley , Chief Executive Officer and Chairman of SDEV . “ During the quarter we added to our SKY position through both open- market purchases and staking rewards , eliminated all remaining warrant liabilities to simplify our capital structure , and relocated our headquarters to West Palm Beach to lower our cost base . While the decline in the price of SKY during the quarter drove a non - cash loss in our reported results , no tokens were sold , the underlying fundamentals of the Sky Protocol ecosystem remain strong , and we are focused on disciplined execution as we position SDEV for long - term value creation . " Second Quarter 2026 Highlights • • • • Staking revenue of $ 2.2 million . Staking revenue was $ 2.2 million for the quarter and $ 4.7 million for the first half of 2026 , reflecting rewards earned on the Company's staked SKY holdings within the Sky Protocol ecosystem . Second quarter GAAP results reflect a non - cash mark - to - market . The Company reported an operating loss of $ 53.8 million in the second quarter , driven by a $ 50.6 million non - cash unrealized loss on digital assets measured at fair value . No SKY tokens were sold during the quarter ; the loss reflects the decline in the market price of SKY and does not affect the Company's cash position or operations . Grew the SKY position to 2.29 billion tokens . Held 2,286,511,374 SKY tokens as of June 30 , 2026 , representing approximately 10 % of total SKY supply , with a fair value of $ 119.2 million and a cost basis of $ 147.2 million ; the position grew during the period through both open - market purchases and staking rewards . Earned 31.7 million SKY in staking rewards . Received 31,746,251 SKY tokens as staking rewards during the quarter , bringing cumulative staking rewards to 67,132,900 SKY tokens ; substantially all of the Company's holdings remained staked in the Sky Protocol .