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Stellar surpasses Ethereum with $520M+ in non-US government debt tokenized on-chain

Protocol Fundamentals
04 Aug 2026
Dailycoin
View Source
Bullish
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Stellar's blockchain has overtaken Ethereum in the value of non-US government debt tokenized on-chain, reaching over $520 million. This growth is driven by platforms issuing tokenized sovereign debt from countries like Mexico, Brazil, the EU, and South Korea on Stellar, benefiting from its low fees and fast transaction finality. While Ethereum still leads in US Treasury tokenization, Stellar dominates the non-US sovereign debt segment, supported by native USDC integration enhancing dollar liquidity. This marks Stellar's strong position in a growing niche of real-world asset tokenization.

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