BLND
Blend Labs, Inc.
stock NYSE

U.S. Bank completed the first live cross-border payment on Stellar using USBDC, its bank-issued stablecoin, with minting, redemption, freezing, and clawback controls running through the bank's core compliance and operations systems. MoneyGram's stablecoin-backed Visa card launched commercially in Colombia through Rain and Crossmint. Stellar's on-chain stablecoin supply crossed $1 billion, separate from the network's $4 billion in tokenized RWAs.
# Institutional Adoption
U.S. Bank's USBDC completed its first live pilot on Stellar: a cross-border payment between a U.S. entity and a European counterparty. Minting, redemption, freezing, and clawback controls ran through the bank's core finance, risk, and operations stack. The bank [announced the launch](https://ir.usbank.com/news-events/news/news-details/2026/U-S--Bank-Launches-USBDC-Stablecoin/default.aspx) on September 9; CoinDesk covered [the live cross-border payment test](https://www.coindesk.com/business/2026/09/08/u-s-bank-takes-next-step-towards-launching-its-stablecoin-with-cross-border-payment-test); [Stellar.org](http://Stellar.org) published [its account of the transaction](https://stellar.org/blog/ecosystem/a-bank-issued-stablecoin-moves-real-money-on-stellar).
The MoneyGram Card [went live on Rain](https://www.rain.xyz/resources/moneygram-card-goes-live-on-rain) in Colombia. Rain provides card infrastructure, Crossmint the wallet layer, and Stellar settles transactions. The product targets MoneyGram's recipients rather than senders: users hold stable dollar balances and spend directly across 175 million Visa merchant locations without conversion. [MoneyGram credited all three partners](https://twitter.com/MoneyGram/status/2098119272434143330) on launch day.
Tala and Crossmint [announced a partnership](https://tala.co/blog/2026/09/09/crossmint-and-tala-partner-to-bring-embedded-ai-native-credit-and-stablecoin-wallets-to-global-fintechs-and-enterprises/) embedding Tala's credit engine into wallets built on the Crossmint platform, with Tala managing underwriting, balance sheet, and risk. Stellar.org's [government debt tokenization post](https://stellar.org/blog/ecosystem/the-worlds-government-debt-is-coming-onchain-its-choosing-stellar) circulated widely on September 7.
# Stablecoin Expansion
USDT0 is now bridgeable directly from Ethereum to native Stellar in a single transfer. [BuildOnStellar demonstrated the route](https://twitter.com/BuildOnStellar/status/2098185112806445335) on September 10. This follows Kraken adding USDT0 deposits and withdrawals on Stellar, [announced on September 4](https://x.com/BuildOnStellar/status/2095906057130574325), days after USDT0 launched via LayerZero.
Stellar's on-chain stablecoin supply crossed $1 billion, per analyst [u/boxthebuilder](https://x.com/boxthebuilder/status/2096286626057981997) citing the Stellar Light stablecoins dashboard on September 5. The milestone sits separately from the $4 billion in tokenized RWAs tracked on the network.
# DeFi and Developer Infrastructure
[Pyth Pro and Pyth Indices launched on Stellar](https://www.pyth.network/blog/pyth-pro-and-pyth-indices-bring-24-7-pricing-to-stellar%E2%80%99s-4b-rwa-ecosystem), delivering 3,500-plus live price feeds across equities, commodities, FX, and crypto with updates as fast as 50 milliseconds. Pyth Indices enable continuous asset pricing outside exchange hours, filling a gap for Stellar's $4 billion RWA market.
LOFI presented a [Blend v3 candidate](https://www.youtube.com/watch?v=W5pb6rCS4bE) built in response to the Comet LP pool exploit that drained $51 million in BLEND tokens. The proposal introduces tiered backstops with junior and senior tranches, XLM as the emitter swap token to remove USDC as a single point of failure, and clawback support for compliant asset issuers, while preserving Blend's permissionless and immutable design.
At the protocol level, a [discussion reopened CAP-0043](https://github.com/orgs/stellar/discussions/2015), which would add secp256r1 signer support to classic Stellar accounts. The argument: Android StrongBox and Apple CryptoKit both expose P-256 ECDSA but not Ed25519, meaning Stellar signing keys currently cannot reside in hardware secure elements. The week's [protocol commits](https://github.com/stellar/stellar-protocol/commits/HEAD) added a SEP-57 muxed address event and a new CAP proposal workflow. The Soroban SDK will also shift spec output to fully qualified type paths, eliminating name collisions in complex contracts.
Arcane and Predicate published [a joint piece](https://x.com/i/article/2097359533932699648) on the compliance stack they are building for private financial applications on Stellar, covering pre-screening, policy enforcement, and governed evidence disclosure for investigation or regulatory purposes.
# Community and Regional Activity
The September [SCF Demo Day](https://www.youtube.com/watch?v=JZ1kxkDk3Rw) featured three funded projects shipping live products. ZIG3 demonstrated a passkey-based smart wallet with liquid staking and play-to-earn games. Vottun and Wirex released a seven-module payment SDK that reduces stablecoin integration from weeks to minutes, including X-402 infrastructure for autonomous agent payments. KindFi showcased its crowdfunding platform for Central American causes. SCF's Build Awards program has distributed $14.6 million XLM across five 2026 rounds.
Tellus Cooperative [opened a Blockchain Hub in Santiago](https://blog.telluscoop.com/p/blockchainhubstgo) with SDF support, providing permanent workspace for Chile's Web3 community. Runtime Verification announced [five weeks of Stellar Security Office Hours](https://luma.com/gss14bcg) starting September 15, offering free 1:1 Soroban security and protocol design sessions open to all teams building on Stellar.
# Lightning Round
* XOXNO launched a [shared-core liquidity lending primitive for Stellar DeFi](https://x.com/XoxnoNetwork/status/2097360815200321617), integrating with Aquarius AMMs and USDT0 for cross-chain dollar liquidity.
* Balanced launched [customizable DeFi widget pages](https://blog.balanced.network/widget-launch) for tracking prices and organizing vault strategies.
* Nuvanté's Bank of England RTGS stablecoin clearing prototype drew [continued ecosystem coverage](https://stellar.org/press/nuvante-technologies-announces-stablecoin-clearing-prototype-built-on-stellar-network-integrated-to-bank-of-england-rtgs) this week.
* Rise In's Builder Spotlight #12 [featured developer Cho](https://www.youtube.com/watch?v=7NpgVA57k2g), who built prediction markets and confidential contracts on Stellar with Ryzen's business development support.
* Rise In hosted a [Stellar ecosystem talk](https://www.youtube.com/watch?v=KfwknTKx1qA) with SDF Senior Developer Advocate Kaan, who transitioned from a legal career via the Rise In bootcamp.
* Stellar Türkiye's Builder Sohbetleri series launched with [an interview with Aybars](https://www.youtube.com/watch?v=aMMzTxzeQvs), founder of E-Identity, on scaling agentic e-commerce on Stellar across 13 networks.
* StarMaker LATAM and Ruta N [announced a partnership](https://twitter.com/starmaker_latam/status/2096306609639043415) to direct Medellín's technical talent toward Stellar-based products.
# Upcoming Events
* **September 11**: [Stellar Chile Community Call](https://discord.com/events/897514728459468821/1394437062421250159) / [Stellar Town Hall](https://discord.com/events/897514728459468821/1499821622356607010)
* **September 12**: [Building with Stellar](https://luma.com/4xrpb59o), University of Benin, Nigeria / [Argentina Builder Challenge Kickoff, Salta](https://luma.com/1jp3wlnj) / [Argentina Builder Challenge Kickoff, Córdoba](https://luma.com/starmaker-s3kl)
* **September 14**: [Weekly Brazilian Ambassador Meeting](https://discord.com/events/897514728459468821/1464247285474136135)
* **September 15**: [Stellar Security Office Hours Session #1](https://luma.com/gss14bcg), Runtime Verification (virtual)
* **September 16**: [Academy: Stellar Disbursement Platform](https://luma.com/stellar-j3tu), SDF (Zoom)
* **September 17**: [Stellar Academy: Construye en Stellar](https://luma.com/s1o3g7qi), Temuco, Chile / [Stellar Developers Meeting](https://discord.com/events/897514728459468821/1530165449369845810) / [E. Africa Weekly Community Call](https://discord.com/events/897514728459468821/1483896022064435271) / [Stablecoins and Payments](https://luma.com/y2hp0vox), Rio de Janeiro
* **September 18**: [Stellar Town Hall](https://discord.com/events/761985725453303838/1482012444821033091), Stellar Global
* **September 19**: [Hackathón Stellar Odyssey Perú](https://luma.com/jod7r3z7), Lima (hybrid) / [Argentina Builder Challenge Checkpoint, Mendoza](https://luma.com/starmaker-0dyr)
* **September 24**: [Stellar Academy: De idea a prototipo](https://luma.com/d1ss5sit), Temuco, Chile
# Ambassador Activity
Stellar Türkiye led volume this week with 12 signals, covering Stellar Pro Hackathon workshop sessions and the launch of its Builder Sohbetleri interview series. StarMaker LATAM posted 9 signals spanning events in Bolivia, Peru, Colombia, Argentina, and Mexico, plus the Ruta N partnership. Stellar Chile logged 7 signals around the Tellus Blockchain Hub grand opening and Stellar Academy sessions at Chilean universities. Stellar Philippines and Stellar Indonesia each posted 5 signals spotlighting monthly builder program winners.
# What to Watch
* Aquarius Asset Registry BLND whitelist vote closes September 13 at 23:59 UTC. ICE holders decide.
* Stellar Security Office Hours Session #1 begins September 15 with Runtime Verification. Spots are limited.
* Blend v3 community response to the LOFI candidate will determine whether tiered backstops proceed to governance.
* CAP-0043 secp256r1 discussion is open: validator and developer feedback will signal whether hardware-backed signer support moves forward.
* Argentina Builder Challenge kicks off in Salta and Córdoba on September 12, with the Mendoza checkpoint on September 19.

U.S. Bank completed the first live cross-border payment on Stellar using USBDC, its bank-issued stablecoin, with minting, redemption, freezing, and clawback controls running through the bank's core compliance and operations systems. MoneyGram's stablecoin-backed Visa card launched commercially in Colombia through Rain and Crossmint. Stellar's on-chain stablecoin supply crossed $1 billion, separate from the network's $4 billion in tokenized RWAs.
# Institutional Adoption
U.S. Bank's USBDC completed its first live pilot on Stellar: a cross-border payment between a U.S. entity and a European counterparty. Minting, redemption, freezing, and clawback controls ran through the bank's core finance, risk, and operations stack. The bank [announced the launch](https://ir.usbank.com/news-events/news/news-details/2026/U-S--Bank-Launches-USBDC-Stablecoin/default.aspx) on September 9; CoinDesk covered [the live cross-border payment test](https://www.coindesk.com/business/2026/09/08/u-s-bank-takes-next-step-towards-launching-its-stablecoin-with-cross-border-payment-test); [Stellar.org](http://Stellar.org) published [its account of the transaction](https://stellar.org/blog/ecosystem/a-bank-issued-stablecoin-moves-real-money-on-stellar).
The MoneyGram Card [went live on Rain](https://www.rain.xyz/resources/moneygram-card-goes-live-on-rain) in Colombia. Rain provides card infrastructure, Crossmint the wallet layer, and Stellar settles transactions. The product targets MoneyGram's recipients rather than senders: users hold stable dollar balances and spend directly across 175 million Visa merchant locations without conversion. [MoneyGram credited all three partners](https://twitter.com/MoneyGram/status/2098119272434143330) on launch day.
Tala and Crossmint [announced a partnership](https://tala.co/blog/2026/09/09/crossmint-and-tala-partner-to-bring-embedded-ai-native-credit-and-stablecoin-wallets-to-global-fintechs-and-enterprises/) embedding Tala's credit engine into wallets built on the Crossmint platform, with Tala managing underwriting, balance sheet, and risk. Stellar.org's [government debt tokenization post](https://stellar.org/blog/ecosystem/the-worlds-government-debt-is-coming-onchain-its-choosing-stellar) circulated widely on September 7.
# Stablecoin Expansion
USDT0 is now bridgeable directly from Ethereum to native Stellar in a single transfer. [BuildOnStellar demonstrated the route](https://twitter.com/BuildOnStellar/status/2098185112806445335) on September 10. This follows Kraken adding USDT0 deposits and withdrawals on Stellar, [announced on September 4](https://x.com/BuildOnStellar/status/2095906057130574325), days after USDT0 launched via LayerZero.
Stellar's on-chain stablecoin supply crossed $1 billion, per analyst [u/boxthebuilder](https://x.com/boxthebuilder/status/2096286626057981997) citing the Stellar Light stablecoins dashboard on September 5. The milestone sits separately from the $4 billion in tokenized RWAs tracked on the network.
# DeFi and Developer Infrastructure
[Pyth Pro and Pyth Indices launched on Stellar](https://www.pyth.network/blog/pyth-pro-and-pyth-indices-bring-24-7-pricing-to-stellar%E2%80%99s-4b-rwa-ecosystem), delivering 3,500-plus live price feeds across equities, commodities, FX, and crypto with updates as fast as 50 milliseconds. Pyth Indices enable continuous asset pricing outside exchange hours, filling a gap for Stellar's $4 billion RWA market.
LOFI presented a [Blend v3 candidate](https://www.youtube.com/watch?v=W5pb6rCS4bE) built in response to the Comet LP pool exploit that drained $51 million in BLEND tokens. The proposal introduces tiered backstops with junior and senior tranches, XLM as the emitter swap token to remove USDC as a single point of failure, and clawback support for compliant asset issuers, while preserving Blend's permissionless and immutable design.
At the protocol level, a [discussion reopened CAP-0043](https://github.com/orgs/stellar/discussions/2015), which would add secp256r1 signer support to classic Stellar accounts. The argument: Android StrongBox and Apple CryptoKit both expose P-256 ECDSA but not Ed25519, meaning Stellar signing keys currently cannot reside in hardware secure elements. The week's [protocol commits](https://github.com/stellar/stellar-protocol/commits/HEAD) added a SEP-57 muxed address event and a new CAP proposal workflow. The Soroban SDK will also shift spec output to fully qualified type paths, eliminating name collisions in complex contracts.
Arcane and Predicate published [a joint piece](https://x.com/i/article/2097359533932699648) on the compliance stack they are building for private financial applications on Stellar, covering pre-screening, policy enforcement, and governed evidence disclosure for investigation or regulatory purposes.
# Community and Regional Activity
The September [SCF Demo Day](https://www.youtube.com/watch?v=JZ1kxkDk3Rw) featured three funded projects shipping live products. ZIG3 demonstrated a passkey-based smart wallet with liquid staking and play-to-earn games. Vottun and Wirex released a seven-module payment SDK that reduces stablecoin integration from weeks to minutes, including X-402 infrastructure for autonomous agent payments. KindFi showcased its crowdfunding platform for Central American causes. SCF's Build Awards program has distributed $14.6 million XLM across five 2026 rounds.
Tellus Cooperative [opened a Blockchain Hub in Santiago](https://blog.telluscoop.com/p/blockchainhubstgo) with SDF support, providing permanent workspace for Chile's Web3 community. Runtime Verification announced [five weeks of Stellar Security Office Hours](https://luma.com/gss14bcg) starting September 15, offering free 1:1 Soroban security and protocol design sessions open to all teams building on Stellar.
# Lightning Round
* XOXNO launched a [shared-core liquidity lending primitive for Stellar DeFi](https://x.com/XoxnoNetwork/status/2097360815200321617), integrating with Aquarius AMMs and USDT0 for cross-chain dollar liquidity.
* Balanced launched [customizable DeFi widget pages](https://blog.balanced.network/widget-launch) for tracking prices and organizing vault strategies.
* Nuvanté's Bank of England RTGS stablecoin clearing prototype drew [continued ecosystem coverage](https://stellar.org/press/nuvante-technologies-announces-stablecoin-clearing-prototype-built-on-stellar-network-integrated-to-bank-of-england-rtgs) this week.
* Rise In's Builder Spotlight #12 [featured developer Cho](https://www.youtube.com/watch?v=7NpgVA57k2g), who built prediction markets and confidential contracts on Stellar with Ryzen's business development support.
* Rise In hosted a [Stellar ecosystem talk](https://www.youtube.com/watch?v=KfwknTKx1qA) with SDF Senior Developer Advocate Kaan, who transitioned from a legal career via the Rise In bootcamp.
* Stellar Türkiye's Builder Sohbetleri series launched with [an interview with Aybars](https://www.youtube.com/watch?v=aMMzTxzeQvs), founder of E-Identity, on scaling agentic e-commerce on Stellar across 13 networks.
* StarMaker LATAM and Ruta N [announced a partnership](https://twitter.com/starmaker_latam/status/2096306609639043415) to direct Medellín's technical talent toward Stellar-based products.
# Upcoming Events
* **September 11**: [Stellar Chile Community Call](https://discord.com/events/897514728459468821/1394437062421250159) / [Stellar Town Hall](https://discord.com/events/897514728459468821/1499821622356607010)
* **September 12**: [Building with Stellar](https://luma.com/4xrpb59o), University of Benin, Nigeria / [Argentina Builder Challenge Kickoff, Salta](https://luma.com/1jp3wlnj) / [Argentina Builder Challenge Kickoff, Córdoba](https://luma.com/starmaker-s3kl)
* **September 14**: [Weekly Brazilian Ambassador Meeting](https://discord.com/events/897514728459468821/1464247285474136135)
* **September 15**: [Stellar Security Office Hours Session #1](https://luma.com/gss14bcg), Runtime Verification (virtual)
* **September 16**: [Academy: Stellar Disbursement Platform](https://luma.com/stellar-j3tu), SDF (Zoom)
* **September 17**: [Stellar Academy: Construye en Stellar](https://luma.com/s1o3g7qi), Temuco, Chile / [Stellar Developers Meeting](https://discord.com/events/897514728459468821/1530165449369845810) / [E. Africa Weekly Community Call](https://discord.com/events/897514728459468821/1483896022064435271) / [Stablecoins and Payments](https://luma.com/y2hp0vox), Rio de Janeiro
* **September 18**: [Stellar Town Hall](https://discord.com/events/761985725453303838/1482012444821033091), Stellar Global
* **September 19**: [Hackathón Stellar Odyssey Perú](https://luma.com/jod7r3z7), Lima (hybrid) / [Argentina Builder Challenge Checkpoint, Mendoza](https://luma.com/starmaker-0dyr)
* **September 24**: [Stellar Academy: De idea a prototipo](https://luma.com/d1ss5sit), Temuco, Chile
# Ambassador Activity
Stellar Türkiye led volume this week with 12 signals, covering Stellar Pro Hackathon workshop sessions and the launch of its Builder Sohbetleri interview series. StarMaker LATAM posted 9 signals spanning events in Bolivia, Peru, Colombia, Argentina, and Mexico, plus the Ruta N partnership. Stellar Chile logged 7 signals around the Tellus Blockchain Hub grand opening and Stellar Academy sessions at Chilean universities. Stellar Philippines and Stellar Indonesia each posted 5 signals spotlighting monthly builder program winners.
# What to Watch
* Aquarius Asset Registry BLND whitelist vote closes September 13 at 23:59 UTC. ICE holders decide.
* Stellar Security Office Hours Session #1 begins September 15 with Runtime Verification. Spots are limited.
* Blend v3 community response to the LOFI candidate will determine whether tiered backstops proceed to governance.
* CAP-0043 secp256r1 discussion is open: validator and developer feedback will signal whether hardware-backed signer support moves forward.
* Argentina Builder Challenge kicks off in Salta and Córdoba on September 12, with the Mendoza checkpoint on September 19.