Stellar's institutional adoption accelerated in Q3. RWA value grew 74% to $5.5B driven by U.S. Treasuries, active strategies, and private credit. Banks tested stablecoins, new tokenized funds launched, and infrastructure partners expanded offerings across custody and settlement systems.
Stellar's institutional ecosystem expanded significantly between July and November 2026. Total RWA value jumped 74% to $5.5 billion, with U.S. Treasuries comprising $1.93 billion, active strategies $1.79 billion, and private credit $640 million. Major developments included stablecoin pilots from U.S. Bank (USBDC) and a Swiss consortium (CHFD), the launch of State Street and Galaxy's tokenized liquidity fund, and PwC's securitization system reducing settlement cycles from 30 days to one day. Stablecoin transfer volume surged 144% to $3.11 billion, with large transactions (above $1M) representing 77% of activity. The ecosystem now spans six major institutions, three new tokenized funds, and expanded infrastructure from Securitize and Taurus supporting custody and issuance.
