Templar Protocol Launches on the Stellar Network Unlocking Multichain XLM and RWA Lending

Templar, the first Cypher Lending Protocol, is excited to launch on the Stellar network. Users can now deposit XLM to borrow stablecoins on Stellar, Ethereum, and more, using only a Stellar wallet. Using chain abstraction technology, Templar eliminates the need for multiple wallets, ensuring a smooth user experience. This integration provides borrow/lend utility to Stellar assets while adding high-quality collateral assets to Templar.

Templar abstracts blockchains using NEAR’s multi-party computation (MPC) network and Chain Signatures. This allows users to deposit any supported Stellar asset directly from their wallet without wrapped tokens or bridging. Borrowers will be able to access stablecoins like USDC on Stellar, Ethereum, Solana, NEAR and more, with all cross-chain complexities abstracted away. This enables seamless liquidity flow across networks.

This integration marks the start of a long-term collaboration between Templar and Stellar focused on tokenized real-world assets (RWAs) and beyond. Stellar has established itself as a leader in the RWA space, exemplified by tokenized assets like Franklin Templeton’s onchain U.S. Government Money Fund (Benji). Recent announcements further reinforce this position, including Centrifuge’s $20 million deRWA deployment, Mercado Bitcoin’s $200 million tokenization program, PayPal’s PYUSD launch, and Ondo’s USDY on the network.

Templar looks forward to building on this momentum, adding Benji as a borrowing option and exploring additional assets from innovative RWA teams like Centrifuge. This unlocks liquidity for tokenized assets on Stellar in a trustless DeFi environment, reinforcing the network’s position as the RWA hub, and expanding the selection of assets available on Templar Protocol. This is an important step towards realizing Templar’s vision to allow anyone to permissionlessly borrow against any asset on any chain.