Stellar 
XLMUSD is buying and selling at $0.1922, up 4.4% over 24 hours, because the community holds its lead in tokenized non-US sovereign debt, a place it has maintained since February. In line with knowledge from RWA.xyz as of August 20, Stellar holds roughly $490 million in tokenized sovereign debt issued outdoors the US, greater than every other blockchain.
Ethereum nonetheless leads in tokenized US Treasuries and in complete real-world asset worth throughout the market, which continues rising on each main chain. Stellar’s lead is confined to sovereign debt issued outdoors the US and denominated in currencies aside from the greenback, a smaller class right this moment however one tied to a a lot bigger share of the world’s governments and companies that don’t function primarily in {dollars}.
Fast Progress Over 18 Months
Actual-world property on Stellar, excluding stablecoins, have grown from roughly $500 million in early 2025 to $854.6 million by the top of final 12 months, crossing $1 billion in January 2026, reaching $1.52 billion by the top of Q1 (a 91% quarterly soar), passing $2 billion in April, and topping $3 billion in June.
That’s roughly a threefold enhance over the previous 12 months. Stellar now accounts for about 9% of all distributed RWA worth throughout blockchains, inserting it among the many prime 4 networks alongside Ethereum, BNB Chain and Solana, and the one one amongst them outdoors the Ethereum Digital Machine ecosystem.
What’s Truly on the Community
The sovereign debt complete is constructed from a spread of stay merchandise. Etherfuse’s Stablebonds convey Mexican CETES and Brazilian Tesouro bonds onto Stellar. Spiko’s euro-denominated T-bill fund grew from roughly $520 million to $970 million over the previous 12 months, with most of that development occurring on Stellar particularly. South Korean Treasury Bonds and a digital sovereign bond from the Marshall Islands spherical out a listing of issuers spanning 5 continents.
Past sovereign debt, Franklin Templeton’s BENJI fund, the primary US-registered mutual fund to make use of a public blockchain as its official system of document, additionally runs on Stellar. Ondo’s USDY and WisdomTree’s WTGXX are stay on the community as nicely. USDC’s market cap on Stellar grew about 15% quarter-over-quarter to greater than $256 million in Q1 2026, and euro-denominated stablecoins have expanded.
Transaction exercise backs up the steadiness sheet numbers. Stablecoin fee quantity on Stellar reached $5.5 billion in Q1 2026, up 72% year-over-year, with transaction velocity up 75% over the identical interval. Institutional participation has broadened alongside the technical case, with U.S. Financial institution, Amundi, Société Générale, AllUnity, Malaysia’s Kenanga, and Singapore’s Marketnode, backed by SGX and Temasek, all participating with the community.
