How assets move from issuance to active deployment on Stellar. Ondo Finance on USDY (yield-bearing stablecoins), Arf on payment settlement, and Rails.xyz on derivatives infrastructure discuss permissionless asset composability, institutional adoption, and real-world utility in a Meridian 2026 panel.
The utility era on Stellar is about putting assets to work, not just getting them on-chain. At Meridian 2026, a panel featuring Ondo Finance, Arf, and Rails.xyz explored the full asset lifecycle. Ondo's USDY is a permissionless, yield-bearing stablecoin backed by US Treasuries; institutions verify collateral, maintain wallet control, and extract value across DeFi without restrictions. Arf solves cross-border payment friction by replacing pre-funding idle capital with on-chain credit lines visible via Dune dashboards, building trust with regulated investors. Rails.xyz enables institutional derivative trading by providing regulatory-compliant collateral infrastructure. The throughline: permissionless, composable assets unlock institutional adoption and solve real operational friction.
