Transferências de stablecoins na Stellar saltam 50% em um mês enquanto a oferta encolhe

BSC News · 2026-09-08T21:32:14.000Z

Aumento nas transferências enquanto a oferta se contrai A @StellarOrg processou US$ 8,92 bilhões em transferências de stablecoins nos últimos 30 dias, um aumento de 50% em relação ao mês anterior, segundo dados da rwa.xyz. O que torna o número notável é que ele chegou junto com uma contração no “float” de stablecoins. A oferta de stablecoins mantidas na rede caiu 11,7% no mesmo período, para US$ 387,92 milhões, o que significa que o menor pool de ativos girou cerca de 23 vezes. O número de detentores subiu 2,8%, para 706.000. A alta velocidade de um flutuador em retração é um sinal de que as stablecoins na Stellar estão sendo usadas ativamente, em vez de ficarem paradas. O padrão se alinha a uma mudança mais ampla na forma como analistas acompanham os mercados de stablecoins. Em 2026, a oferta caiu, enquanto o uso continua se acumulando, quebrando uma correlação que se manteve por anos. Os dados de 30 dias da Stellar ilustram exatamente essa dinâmica no nível da rede.

Transfers Surge as Supply Contracts
@StellarOrg processed $8.92 billion in stablecoin transfers over the past 30 days, a 50% increase from the prior month, according to rwa.xyz data. What makes the figure notable is that it arrived alongside a contraction in the stablecoin float. The supply of stablecoins held on the network fell 11.7% over the same window to $387.92 million, meaning the smaller pool of assets turned over roughly 23 times. Holder count rose 2.8% to 706,000.
High velocity on a shrinking float is a signal that stablecoins on Stellar are being actively used rather than sitting idle. The pattern aligns with a broader shift in how analysts track stablecoin markets. In 2026, supply has fallen while usage continues to compound, splitting a correlation that held for years. Stellar's 30-day data illustrates exactly that dynamic at the network level.
Momentum Building Across the Quarter
The monthly snapshot fits into a larger arc of growth for the network. Stablecoin payment volume on Stellar reached $5.5 billion in Q1 2026, an all-time high at the time, up 72% year over year, with velocity rising 75% over the same period. The record did not hold for long. Stablecoin transfer volume reached $11.4 billion in Q2, an all-time high and Stellar's first double-digit-billion quarter, with velocity holding around 33x.
Institutional participation has been a consistent driver. The institutions coming onto Stellar are the kind of organisations that define market structure, including U.S. Bank, Amundi, Société Générale, AllUnity, and Kenanga, Malaysia's leading independent investment bank. On the product side, Stellar added USDT0 to its network on September 2, 2026, giving users on the payments-focused blockchain access to more than $180 billion in USDT liquidity.
The fee structure also supports high-frequency use. In Q1 2026, the Stellar network averaged a transaction fee of $0.00026, underscoring the network's affordability for payments. Every stablecoin transaction on Stellar consumes and permanently destroys a small amount of $XLM in fees, and since the XLM supply is fixed, the more stablecoins circulate on Stellar, the greater the demand for XLM while the supply gradually shrinks.
The 30-day transfer figure reported by rwa.xyz lands in a period when Stellar is actively competing to become a primary settlement rail for regulated digital finance. Whether the velocity holds as the stablecoin float stabilises or recovers will be the number to watch in the weeks ahead.
Sources:
Stellar Development Foundation: Q2 2026 Network Update
Stellar Development Foundation: Q1 2026 Network Update
Messari: State of Stellar Q1 2026