The XLM token from Stellar experienced a dramatic 30% price increase after the Depository Trust & Clearing Corporation (DTCC), a Wall Street clearing powerhouse, revealed Stellar as the inaugural public blockchain for integration with its forthcoming tokenized securities settlement infrastructure. Within 24 hours of the disclosure, XLM reached $0.2443.
DTCCs decision to connect its upcoming tokenized securities platform to the Stellar (XLM) blockchain marks the latest milestone in a partnership that has been developing for nearly a decade, according to Stellar Development Foundation CEO Denelle Dixon. Earlier this week, DTCC announced that tokenized assets held through its Depository Trust Company could become accessible on the Stellar network starting in the first half of 2027.
Here's a look at how some of the market's most popular cryptocurrencies performed over the past week.
RSI and price action align as XLM enters breakout phase with strong volume and shifting structure
Wall Street's clearing giant chose a public blockchain with compliance tools built for regulated assets, Stellar Development Foundation CEO Denelle Dixon said.
Stellar (XLM), XRP, and Tether emerge as weekend's most talked-about digital assets.
Retail traders are rotating out of XRP and into Stellar (XLM), led by South Korea's surge in buying.
According to the data provided by CoinGecko, the XLM token has exploded with massive double-digit gains, leaving a flatlining XRP in its wake.
XLM's breakout has challenged bearish positioning as volume and Open Interest expanded rapidly.
Stellar (XLM) has completed a golden cross on its short-term charts as it gains bullish momentum.
XLM surged this week after DTCC said it will connect its tokenized securities platform to Stellar by 2027, fueling volume and bullish sentiment.
Stellar (XLM) has decoupled from a flat crypto market, surging over 20% to retest major multi-month highs following a landmark DTCC tokenization announcement.