Stellar draws growing government interest as Meridian 2026 opens, M1X Global's Goldman says
- —Meridian 2026 runs October 28–29 in Lisbon
- —On October 23 M1X Global executed the first institutional repo transaction on Stellar using USDM1
- —USDM1 is fully backed by short-term US Treasuries
- —Archax announced €GOVY, a tokenized government bills product
Why it matters: A completed institutional repo backed by US Treasuries is a working use case in a core financial market, though one trade is a milestone, not a market.
Source: Crypto Briefing