Stellar (XLM) 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 accordance with knowledge from RWA.xyz as of August 20, Stellar holds roughly $490 million in tokenized sovereign debt issued exterior the US, greater than some 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 exterior the US and denominated in currencies apart 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 belongings on Stellar, excluding stablecoins, have grown from roughly $500 million in early 2025 to $854.6 million by the tip of final yr, crossing $1 billion in January 2026, reaching $1.52 billion by the tip of Q1 (a 91% quarterly leap), passing $2 billion in April, and topping $3 billion in June.
That’s roughly a threefold improve over the previous yr. Stellar now accounts for about 9% of all distributed RWA worth throughout blockchains, putting it among the many high 4 networks alongside Ethereum, BNB Chain and Solana, and the one one amongst them exterior the Ethereum Digital Machine ecosystem.
What’s Really on the Community
The sovereign debt complete is constructed from a spread of dwell merchandise. Etherfuse’s Stablebonds deliver 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 yr, with most of that progress occurring on Stellar particularly. South Korean Treasury Bonds and a digital sovereign bond from the Marshall Islands spherical out an inventory 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 report, additionally runs on Stellar. Ondo’s USDY and WisdomTree’s WTGXX are dwell on the community as properly. 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 stability 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.
