As a researcher following the cryptocurrency market, I’ve observed a recent surge in Stellar’s (XLM) price. This rally started last week when the DTCC, a major Wall Street clearinghouse, announced plans to use the Stellar network for tokenizing assets they hold in custody. Because of this positive development, XLM has actually climbed above Cardano in terms of overall market ranking, which is quite a significant move.
DTCC is a vital part of the U.S. financial system, handling over $114 trillion in assets. Following the announcement, the price of XLM quickly increased.
Stellar (XLM) bounced back after a small dip over the weekend and has been climbing steadily for three days, starting last Wednesday. It peaked at $0.297 on Saturday before falling back slightly. As of today, XLM is trading at $0.26, up 8% over the past 24 hours, and is on track for its second consecutive day of gains since May 30th.
Ripple Releases 1 Billion XRP, How Many Are Left?
Another Shiba Inu (SHIB) Recovery Attempt, Bitcoin (BTC) Reaches ‘Oversold’ State, First Near Protocol (NEAR) Support Activation: Crypto Market Review
Stellar is currently the 13th largest cryptocurrency, with a market value of $8.87 billion. This puts it ahead of Cardano, which is 14th largest at $8.37 billion.
Stellar up 76% as rally gains momentum
According to a new report from 10x Research, Stellar is currently one of the best-performing cryptocurrencies, showing significant gains this week.
Last week, Stellar (XLM) showed strong performance in our One Liners report, increasing by 76% in just seven days. This positive trend indicates a bullish outlook, as the price is currently above both the 7-day and 30-day moving averages, with a one-week increase of 75.6%.
— 10x Research (@10xResearch) May 31, 2026
According to a recent tweet from 10x Research, Stellar (XLM) was a top performer last week, increasing by 76% in value over the past seven days.
According to 10x Research, Stellar’s recent price increase is likely due to a few factors. Primarily, the price has moved above both its 7-day and 30-day moving averages, both of which are generally seen as positive indicators.
DTCC, which safeguards over $114 trillion worth of financial assets, recently announced it’s working with the Stellar Development Foundation to turn shares of the Russell 1000 companies, ETFs, and U.S. Treasury bonds into digital tokens on Stellar’s blockchain. They aim to have these digital assets functioning by early 2027.
Cash App (owned by Block) has integrated USDC payments using the Stellar network, instantly giving Stellar’s payment capabilities to Cash App’s 60 million users. Separately, Bermuda announced it will switch its national payment system to Stellar, making it the first country to fully adopt on-chain financial infrastructure and potentially lowering transaction fees, which currently can reach 10%.
Read More
- Off Campus Season 1 Soundtrack Guide
- 46 Years Later, The Mandalorian & Grogu Answers A Major Empire Strikes Back Question
- X-Men ’97 Finally Gave Gambit the Hero Moment He Deserved
- Chainsaw Man Volume 24’s Cover Art Reveals a Brand-New Denji
- 10 Worst End-Game Couples In Sitcom History
- HoI4 fans harsh reactions to the announcement of another DLC pack
- Hatsune Miku cosplayer goes viral selling $15 cups of “foot juice” to thirsty anime fans
- Dragon Quest II HD-2D Remake: Where to get the Magic Key
- DoorDash responds after customer uses AI to make food look bad and get a refund
- Katanire’s Yae Miko Cosplay: Genshin Impact Masterpiece
2026-06-01 16:21