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Tokenized government debt on $XLM is expanding beyond the U.S.
EU T-Bills (Spiko): $400M+
UK T-Bills (Spiko): $12M
Mexican CETES (Etherfuse): $3M
Brazilian Bonds (Etherfuse): $562K
Four countries. Two platforms.
All on Stellar.
Every tokenized asset requires $XLM for fees. More sovereign instruments on-chain means more native token demand.
Spiko alone grew to $400M+ in EU T-Bills. That's institutional capital choosing Stellar for sovereign debt.
When governments trust your chain with treasury instruments, the utility argument writes itself.
Do you believe in $XLM?
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