USDS supply reached $9.18 billion as of Q4 2025, representing a 72% year-over-year increase.

Q4 2025 financial report from Sky Frontier Foundation lacks standard financial statements and shows material inconsistencies with previous Steakhouse Financial reports from Q2 2023 through Q3 2025, including conflicting profit/loss figures across multiple quarters.

Launched Sky Ecosystem Insights, a new research account that will publish quarterly and annual reports, onchain metrics analysis, and scenario-based projections starting with a Q4 2025 update and 2026 outlook on January 29, 2026.