Stellar Surpasses $490M in Tokenized Non-US Government Debt

The Stellar network has surpassed $490 million in tokenized non-US government debt, making it the largest public blockchain for this type of asset. This growth has been steady since February, with new issuances far outstripping competing Layer-1 chains.

This development is significant because most governments and businesses do not operate in US dollars. The fact that their debt is being tokenized onchain anyway highlights the growing importance of blockchain technology for financial markets.

The low fees and compliance features of Stellar have made it a popular choice for regulated securities rails, with exchanges and custodians expanding their services to cater to funds from European, Latin American, and Asian regions.