XLM price gains 7.19% as DTCC's Stellar integration plan and technical breakout keep price action near key resistance.
The price of XLM increased this week as Wall Street clearing giant DTCC expands on the Stellar network.
Amid the notable gain for Stellar (XLM) on May 29, Finbold has queried ChatGPT to predict the potential end-of-year targets for this altcoin.
The DTCC's tokenization move isn't a Stellar (XLM) win over XRP because there is more than meets the eye.
XLM price consolidates near $0.21 resistance after strong breakout momentum and rising trading activity across crypto markets
DTCC and the Stellar Development Foundation plan to enable DTC-custodied assets to be tokenized on the Stellar network in the first half of 2027. The move expands DTCC's multi-chain strategy for bringing traditional market assets onto regulated digital rails. Key Takeaways: DTCC and Stellar plan DTC asset tokenization on Stellar by H1 2027.
Stellar (XLM) surges as DTCC taps the network for its multi-chain asset tokenization initiative. With connectivity set for 2027, will this institutional endorsement fuel a breakout to $0.80?
The globe's largest clearing house just specifically picked Stellar's XLM chain following meticulous testing.
Stellar (XLM) recorded a strong price rally after Wall Street clearing giant DTCC announced plans to integrate its tokenized securities platform with the Stellar blockchain by 2027. The news triggered a sharp increase in investor interest, pushing XLM price up nearly 20% and driving trading activity to its highest level in months.
NEAR Protocol (NEAR) declined 12.2% while Bitcoin Cash (BCH) dropped 12.1%, leading the index lower.
XLM rose 24.4% in 24 hours and surpassed $0.188, with trading volume surging over 1,000% to exceed $1.12 billion. DTCC, the Wall Street clearinghouse overseeing more than $114 trillion in assets, plans to connect its tokenized securities platform to the Stellar network by 2027. XLM's market cap exceeded $6.
Stellar rallied strongly after news that the DTCC chose the network for plans to enable the tokenization of DTC custodied assets on Stellar.