Institutional finance on an open global network

Allium's onchain analysis of how financial institutions use the Stellar network for stablecoin payments, currency access, tokenized real-world assets, and fund administration. Drawing on data across 150 blockchains, the report covers onchain activity through September 30, 2026.

What's inside:

• Stablecoin payments: supply up 1.9x to $546M and monthly adjusted transfer volume up 127% to $2.42B, compared with 48% across the industry
• Currency access: 5 currencies beyond the US dollar and the highest non-dollar share of stablecoin supply among blockchains with more than $200M in stablecoins
• Tokenized real-world assets: RWA market cap up 6.1x to $4.12B, lifting Stellar's share of all tokenized RWAs from 4.9% to 12.7%
• Non-US government debt: 42% of all tokenized non-US government debt, led by Spiko's euro Treasury-bill fund
• Protocol-native controls: 7,050 holder approvals and removals by RWA issuers, including Franklin Templeton, over 12 months
• RWAfi and payment credit: borrowing against tokenized assets with Templar and STBL, and $1.15B in short-term credit advanced to Arf
• Case studies: MoneyGram, PayPal, Checker, Huma and Arf, Spiko, and Franklin Templeton

Q3 2026 · Powered by Allium