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Stellar (XLM) pitches onchain FX rail as Q2 volume reaches $2.78 billion

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Stellar (XLM) pitches onchain FX rail as Q2 volume reaches $2.78 billion

Stellar (XLM) said its onchain FX and exchange rail handled $2.78 billion in Q2 2026 volume and supports 17 stablecoins plus nine fiat currencies.

Stellar (XLM) said its network is being used for onchain foreign exchange and currency delivery, highlighting a 24/7 exchange model, second-level settlement and $2.78 billion in onchain trading volume in Q2 2026. The material, published by Stellar on Oct. 28, 2026, frames the network as an exchange-and-fx rail for fintechs, market makers and liquidity providers rather than a conventional payment-only blockchain.

According to Stellar’s solution page, users can “quote, convert, and deliver” currency in one transaction, with payments routed through the network’s order book or automated market maker pools to whichever offers the better rate. The company says a path payment can send one currency and deliver another in the same atomic transaction, and that if any step fails nothing moves. Stellar also says the network supports 17 stablecoins and nine-plus fiat currencies, and has maintained 99.998% uptime since 2014.

The page also cites specific institutional activity and usage figures. Stellar says Aquarius has handled more than $780 million in cumulative trading volume. It says Franklin Templeton’s BENJI fund has used Stellar’s controls since 2021, and that $605 million of BENJI sat on Stellar as of Oct. xyz. -registered mutual fund to use a public blockchain as its system of record. The page also says Arf has extended more than $830 million in USDC liquidity to payment institutions, with a $16 million starting facility and no reported defaults or late repayments.


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