Messari Research •
March 16, 2026 at 13:40 •
Analysis
The RWA market cap on Stellar (excluding stablecoins) surpassed $1 billion on Jan. 21, and increased 184% in 2025 from $301 million to $855 million. Moreover, the stablecoin market cap on Stellar increased 53% year-over-year from $159 million to $244 million, driven by PayPal’s PYUSD launch on the network in September, and USDC’s 45% YoY increase in market cap to $223 million. This expansion is being validated by institutional adoption, as U.S. Bank is testing custom issuance of its own stablecoin on Stellar, underscoring the network’s appeal due to its reliability (>99.99% uptime), affordability (settlement at <1 U.S. cent), and built-in asset controls for regulatory compliance. On top of this, in December, the Marshall Islands completed the world’s first onchain un...
