The second quarter of 2025 was a turning point — new leadership on board, network momentum across the board, and clear signs that SDF’s strategy is driving measurable progress.

On the Q2 webinar, we unpacked what this means for the road ahead. Here’s a snapshot of the biggest moves from Q2 — and a preview of the conversation.

New leadership, amplified impact

José Fernández da Ponte, President & Chief Growth Officer, and Jason Karsh, Chief Marketing Officer, joined SDF this quarter. Together, they bring decades of experience in fintech, payments, and Web3 marketing — expertise that will accelerate and amplify Stellar’s impact.

Climbing the DeFi rankings

Stellar closed Q2 ranked #48 in TVL (via DeFi Llama), with assets growing from $50M to $84M in just one quarter. As of today, TVL has surged to nearly $153M, moving Stellar up to #37 — a leap that underscores the growing strength of the ecosystem.

RWAs at scale

Stellar ranked #2 globally in tokenized treasuries and recorded $4.2B in quarterly RWA payment volume, reinforcing the network’s leadership in tokenized, yield-bearing assets.

Enterprise adoption in action

From the Stellar Disbursement Platform delivering millions in payments to MoneyGram’s global cash-out network expanding access in 170+ countries, enterprise adoption is translating into tangible real-world utility.

PYUSD coming to Stellar

PayPal’s dollar stablecoin will soon launch on Stellar, opening access to 430M accounts and 35M merchants worldwide.

Meridian 2025 on the horizon

In September, the ecosystem gathers in Rio to chart the next era of stablecoins, tokenized assets, and financial access.s, tokenized assets, and expanding financial access.

That’s just the start. The full recording captures the details, strategy, and momentum behind these highlights.