# stablecoins — X 热门讨论 (2026-09-21 03:38 UTC)
## @D3_Finance_ (D³ Finance) · 09-21 01:00 · ♥155 ↻110 💬0 Who needs liquidity? Stablecoins. RWAs. AI agents. GameFi. Cross-chain assets. New DeFi protocols. So Bribe Finance isn't limited to one sector. The larger opportunity is becoming: Liquidity infrastructure for on-chain assets. #DeFi #Liquidity #RWA #BribeFinance #D3Finance https://t.co/TykAk7Gcg9 https://x.com/D3_Finance_/status/2101838830324048035
## @Xfinancebull (X Finance Bull) · 09-21 02:01 · ♥126 ↻16 💬18 🚨You are not ready for what’s coming to stellar:native 🚨
I spent a lot of time putting this together. Read it to the end. It’s worth it.
Meridian 2026 is bringing some of the people who already move securities, bank money, custody and global payments into the same room.
October 28–29 in Lisbon could end up being one of the most important Stellar events we’ve seen.
I’m not saying that because the speaker list has famous names.
Look at what their organizations are already doing.
Nadine Chakar is Global Head of DTCC Digital Assets.
DTCC processed roughly $4.728 quadrillion of transactions in 2025.
Just think about the scale of the financial machinery she represents.
And she isn’t showing up at Meridian to hear Stellar explain what blockchain is.
DTCC and the Stellar Development Foundation have already announced that DTC’s Tokenization Service will connect directly to the Stellar public blockchain, with availability expected in the first half of 2027.
The assets being evaluated are serious:
-Russell 1000 stocks. -Major-index ETFs. -U.S. Treasury bills. -Treasury notes. -Treasury bonds.
That changes the conversation completely.
We’ve spent years hearing people talk about traditional securities eventually moving onchain.
DTCC is actually building the connection.
Nadine Chakar has already said Stellar’s history with institutional assets, compliance capabilities, throughput and low-cost operation mattered during DTCC’s evaluation.
And DTCC’s tokenization work has involved feedback from more than 50 major financial firms, including BlackRock, Bank of America, BNP Paribas, Charles Schwab, Citi, Citadel Securities, Goldman Sachs, HSBC, Franklin Templeton and Fireblocks.
So when I see DTCC at Meridian, I’m thinking far beyond a conference panel.
I’m thinking about what Stellar could look like once DTC-custodied assets begin reaching public blockchain infrastructure.
A traditional security can move from the old financial system into a digital environment where ownership, settlement, liquidity and collateral can become much more flexible.
DTCC itself talks about faster settlement, better asset mobility, extended trading hours, capital efficiency and collateral mobility.
Those words matter.
A tokenized Treasury sitting on Stellar doesn’t have to remain a static token sitting in a wallet.
It can potentially move.
It can be pledged.
It can settle.
It can interact with other digital assets.
It can become useful capital.
And then look at Jamie Walker, Head of Digital Assets and Money Movement at U.S. Bank.
U.S. Bank has already completed a live transaction using USBDC, its proprietary U.S. dollar-backed bank stablecoin.
They used Stellar.
They moved money between U.S. Bank entities in North America and Europe.
And they tested the things a real regulated bank actually needs:
minting, payments, redemption, freezing, clawback, finance integration, risk controls, compliance, operations.
That goes way beyond sending a stablecoin between two wallets.
A bank needs to know it can control the asset.
A bank needs to know compliance teams can work with it.
A bank needs to know finance and operations can reconcile it.
U.S. Bank tested those pieces.
And it is already exploring liquidity management, collateral mobility and cross-border treasury operations on Stellar.
Now picture what happens when those two worlds meet.
DTCC brings tokenized securities.
U.S. Bank brings digital bank money.
Both connect to Stellar.
A tokenized Treasury can potentially sit beside a bank-issued digital dollar.
A tokenized ETF can sit beside digital cash.
A tokenized stock can sit beside regulated settlement money.
That is a much bigger financial system than the old idea of Stellar simply moving cheap payments from one person to another.
Stellar can start handling both sides of finance:
the asset
and the money used to settle the asset.
And Stellar already has proof that regulated investment products can live there.
Franklin Templeton launched its Franklin OnChain U.S. Government Money Fund on Stellar years ago.
Around $654 million of BENJI AUM now sits on Stellar.
Across chains, the BENJI ecosystem has grown to roughly $2 billion.
And BENJI has evolved.
Peer-to-peer share transfers.
- Intraday yield. - 24/7 access. - Near-instant settlement.
More than $211 million of cumulative peer-to-peer transfer volume.
That matters to me because Franklin already demonstrated something very important:
A regulated U.S. financial product can operate using a public blockchain as part of its official ownership and transaction infrastructure.
So Stellar doesn’t have to prove the concept from zero.
Franklin already did it.
Now DTCC is moving toward the network.
Now U.S. Bank has bank money on the network.
Now Stellar says it has roughly $4 billion in tokenized RWAs, up around 360% during 2026.
And the network already hosts tokenized assets associated with Franklin Templeton, WisdomTree and ABN AMRO.
The financial foundation is getting deeper.
Then you have Michael Shaulov, CEO and co-founder of Fireblocks.
Fireblocks says more than $10 trillion of digital assets have moved through its infrastructure.
More than 2,400 institutions.
More than 100 countries.
And Stellar and XLM are already supported.
That matters because institutional adoption doesn’t stop at tokenization.
A bank can tokenize an asset.
Great.
An asset manager still needs custody.
-Wallet policies. -Signing systems. -Counterparty controls. -Compliance workflows. -Risk controls. -Secure movement.
Fireblocks provides those operating layers.
And Fireblocks’ Open Transaction Layer includes the Stellar Development Foundation alongside B2C2, https://t.co/CiG1O9p8MQ, Cross River Bank, eToro, FalconX, MetaMask, MoonPay, Revolut, Robinhood, Securitize, SoFi and Wintermute.
That gives Stellar another institutional connection people should pay attention to.
The problem institutions are solving now isn’t simply:
“Can blockchain move value?”
They already know it can.
The next challenge is coordinating regulated transactions before settlement happens.
Who is the counterparty?
What asset is being sent?
What compliance information is needed?
What payment instructions apply?
What conditions have to be satisfied?
That is the kind of infrastructure serious markets require.
Then Ginger Baker from Meta enters the picture.
Meta represents something completely different:
distribution.
Billions of people and businesses use consumer technology without caring what infrastructure sits underneath it.
Ginger Baker has already discussed stablecoins, creator payouts, money movement and AI-driven commerce.
Imagine a future user receiving money through an app and never knowing Stellar is involved.
They don’t need to understand XLM.
They don’t need to understand blockchain.
They just see:
Payment received.
That is how infrastructure wins.
It disappears behind the product.
And then you have Luke Tuttle, CPTO of MoneyGram, on the Meridian roster too.
MoneyGram and Stellar already have an established relationship around stablecoin utility and global money movement.
So Meridian brings another major layer into the room:
physical and global access.
At that point, look at the architecture forming around Stellar.
DTCC handles securities infrastructure.
Franklin Templeton and WisdomTree bring investment products.
U.S. Bank brings bank money.
Fireblocks brings institutional custody and transaction infrastructure.
MoneyGram connects digital money with global distribution.
Meta represents consumer-scale interfaces.
Stellar sits underneath as shared public infrastructure.
And stellar:native sits natively inside Stellar.
That last part matters more as the network grows.
Every Stellar transaction pays fees in XLM.
Smart-contract resource fees use XLM.
Normal Stellar accounts need XLM reserves.
Trustlines increase reserve requirements.
Offers create reserve requirements.
More applications create more ledger state.
The current base reserve is 0.5 XLM, meaning a normal self-funded account begins with at least 1 XLM before additional reserve requirements.
If Stellar grows from billions of tokenized assets into a much larger financial network, XLM remains part of the operating mechanics underneath that growth.
But fees and reserves are only the beginning of the XLM thesis I care about.
Liquidity could become much bigger.
Stellar has native path payments.
A user can send one asset while somebody else receives another.
The network searches for a route through available markets.
XLM can sit inside those routes as an intermediary.
Think about what happens if Stellar eventually holds hundreds or thousands of financial assets.
-USBDC. -USDC. -USDT0. -BENJI.
-Tokenized Treasuries. -Tokenized ETFs. -Tokenized stocks. -Euro-backed assets. -Tokenized bonds. -Bank money. -Other funds.
Every additional asset creates another potential liquidity relationship.
Trying to build deep direct liquidity between every possible combination becomes inefficient very quickly.
A common intermediary can reduce that fragmentation.
And XLM has a natural advantage inside Stellar.
It is native.
It is issuerless.
There is no external institution behind it.
It does not require a trustline.
Every Stellar account can hold it directly.
It already functions as the network’s fee and reserve asset.
So imagine XLM becoming increasingly useful as common liquidity between those digital assets.
A market maker holds XLM because it needs inventory.
An application routes through XLM because the path offers better execution.
An institution keeps XLM available because certain conversions become easier through it.
Now XLM is being held because the network uses it.
That is a very different source of demand.
Imagine H1 2027.
DTC begins bringing eligible securities to Stellar.
A tokenized Treasury appears.
A tokenized ETF appears.
A Russell 1000 security appears.
At the same time:
U.S. Bank digital money exists.
USDC exists.
USDT0 exists.
BENJI exists.
Other funds exist.
XLM exists.
Now Stellar begins to resemble a digital market rather than a single-purpose payment chain.
Money and securities can coexist.
Collateral can become mobile.
Assets can be exchanged.
Institutions can connect through Fireblocks.
Global settlement can connect through MoneyGram.
And XLM sits there from the protocol level upward.
This is why Nadine Chakar may be the Meridian speaker I watch most closely.
The generic tokenization debate is over for DTCC.
They have already decided to connect.
Now I want details.
What DTC assets come first?
How far will Stellar reach into the lifecycle?
How does DTCC think about collateral mobility?
How do extended trading hours work?
How will settlement work?
How does the H1 2027 timeline progress?
Then I’m watching Jamie Walker.
USBDC already moved on Stellar.
The next conversation can be about what U.S. Bank does with that digital dollar.
Treasury management?
Institutional settlement?
Liquidity?
Collateral?
Cross-border finance?
Each step matters.
Then Michael Shaulov.
Institutional connectivity.
Then MoneyGram.
Global distribution.
Then Meta.
Consumer scale.
Then the wider Meridian roster.
Executives from Cantor Fitzgerald Digital Assets, New York Life Investment Management, Ondo Finance, WisdomTree Digital Assets, SG-FORGE, Archax, Broadridge, Curve Finance, Taurus, PwC, EY, Anchorage Digital, MoneyGram, Fireblocks, U.S. Bank and DTCC.
Those organizations represent the actual mechanics of finance.
Asset managers.
Banks.
Custodians.
Infrastructure providers.
Payments companies.
Tokenization companies.
DeFi.
Accounting and professional services.
And all of them are meeting at Stellar’s flagship event while Stellar’s onchain RWA economy is already around $4 billion.
The scale gap is incredible.
Stellar:
roughly $4B of tokenized RWAs.
DTCC:
roughly $4.728 quadrillion of transaction processing in 2025.
Fireblocks:
$10T+ of digital-asset movement.
Franklin Templeton:
around $1.7T under management.
Those figures describe different businesses, but they show how large the institutions touching Stellar actually are.
Stellar does not need to absorb all of their activity.
A small fraction compared with the existing Stellar economy could still represent enormous growth.
That is what makes the setup so interesting.
The network has already shown:
regulated assets can live there.
Banks can issue digital money there.
Asset managers can operate funds there.
Institutional custody infrastructure already supports it.
A major securities-market organization is preparing to connect.
Global payments already touch it.
The next era becomes about making all of those pieces interact.
Liquidity.
Collateral.
Secondary markets.
Institutional settlement.
And XLM sits inside that environment as the native asset.
I still see people describe stellar:native as a cheap-payment coin.
That description feels smaller every month.
The bigger possibility is:
stellar:native becomes native liquidity inside a public financial network where bank money, tokenized securities, investment funds and global payments all meet.
Meridian 2026 matters because the people capable of pushing Stellar toward that future are not arriving with PowerPoint ideas.
Several of their organizations are already building on the network.
And we are still before DTCC’s planned 2027 connection.
You are not ready for what could be coming to stellar:native. https://x.com/Xfinancebull/status/2101854176586445137
## @zea_eth (ZEA) · 09-21 02:55 · ♥60 ↻6 💬58 Early Morning!
Crypto payments are slowly becoming more practical.
Stablecoins are moving beyond exchanges and into everyday financial infrastructure.
The next big Web3 users may come through payments, not speculation. https://t.co/uCtJHhY0Bm > 引用 @zea_eth: Good night,
Institutional crypto custody is expanding.
Deutsche Bank plans to offer Bitcoin and digital asset custody services to European institutional clients by the end of 2026.
More traditional banks entering custody could make digital assets easier for institutions to access. https://x.com/zea_eth/status/2101867856564744223
## @Tokenicer (🥖Tokenicer✲⥃⬢) · 09-21 02:45 · ♥45 ↻6 💬1 🔥Oracle's newest article on tokenized deposits, stablecoins & payment interoperability
Alignment to $QNT is clear as day
Reminder Germany's CBMT runs on Oracle & is made possible by Overledger
Oracle & Quant are both presenting their tokenized deposit cases at SWIFT SIBOS this month
Coincidence or perfect timing?👀 https://x.com/Tokenicer/status/2101865280159014987