XRP rival soars 14% in a day, adding $1 billion
2025-07-09 15:48:23
Main Idea
Stellar (XLM) is experiencing a significant price surge, driven by ecosystem developments including the launch of dApps, integration of PayPal's PYUSD stablecoin, and adoption by major financial institutions for tokenized assets.
Key Points
1. Stellar (XLM) has surged 14% in 24 hours and 25% over the past week, adding $1.2 billion to its market cap in a day.
2. Key developments include the launch of decentralized applications (dApps) on the Stellar network.
3. PayPal's stablecoin PYUSD has been successfully integrated into Stellar, expanding its global reach in digital payments.
4. Stellar Core v23.0.0rc2 (Protocol 23 release candidate) has been launched, contributing to the ecosystem's growth.
5. Major institutions like Franklin Templeton and Circle have deployed nearly $500 million in U.S. Treasuries on Stellar, signaling confidence in its potential for tokenized real-world assets (RWAs).
Description
Stellar ( XLM ) is witnessing a strong price rally, having gained 14% in the past 24 hours and rising 25% over the past week. The surge has also seen around $1.2 billion added to XLM’s market cap in just one day, driven by a number of developments within the ecosystem. Most notably, the launch of the Protocol 23 upgrade introduces Soroban’s unified events to streamline smart contract interactions and power more scalable decentralized applications ( dApps ) on the network. Stellar 24-hour price. ...
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