The products on had their strongest quarter on record.
→ sUSDS reached $6.49B, the largest yield-generating stablecoin by supply
→ Sky-curated
@Morpho Vaults crossed $200M in deposits
→ USDC and USDT holders gained direct access to Sky Protocol yield
→ PSM reserves grew to $5.09B
→ Six major exchanges initiated DAI-to-USDS upgrades
Full Q1 2026 breakdown ↓