Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Stellar (XLM) Awakens With 924% Trading Spike on Wall Street Tokenization Trend

Stellar (XLM) Awakens With 924% Trading Spike on Wall Street Tokenization Trend

CryptoNewsNetCryptoNewsNet2026/05/28 11:39
By:CryptoNewsNet
Back to the list

Stellar (XLM) Awakens With 924% Trading Spike on Wall Street Tokenization Trend

Stellar (XLM) Awakens With 924% Trading Spike on Wall Street Tokenization Trend image 0  u.today 48 m
Stellar (XLM) Awakens With 924% Trading Spike on Wall Street Tokenization Trend image 1

Wall Street clearing giant DTCC said it plans to connect its tokenized securities platform to Stellar by 2027.

$XLM, the native token of Stellar, rose as much as 20% on the news, with its trading volume rising alongside. According to CoinMarketCap data, Stellar ($XLM)'s trading volume is up 927% in the last 24 hours to $934.99 million.

At the time of writing, $XLM price was up nearly 17% in the last 24 hours to $0.172 and up 20% weekly. The price increase over the past day comes despite fresh selling pressure in the crypto market, with over $930 million liquidated.

Stellar (XLM) Awakens With 924% Trading Spike on Wall Street Tokenization Trend image 2 Stellar $XLM Trading Volume, Image By CoinMarketCap

$930 million was liquidated in crypto positions in the last 24 hours according to CoinGlass data, with long positions accounting for $870 million and short positions accounting for $59.29 million.

Stellar price jumps on Wall Street tokenization push

The Depository Trust & Clearing Corporation (DTCC), Wall Street's clearinghouse, said Wednesday it plans to connect its tokenized securities platform to the Stellar ($XLM) network.

The partnership builds on the SEC No-Action Letter that DTC received in December 2025. The letter authorizes DTC to implement and operate a service that tokenizes real-world, DTC-custodied assets. Market participants will be able to leverage traditional assets in a digital ecosystem while retaining the same investor protections, entitlements, and safeguards consistent with those applicable to traditionally held securities.

This remains significant given that DTCC sits at the center of U.S. market infrastructure and oversees more than $114 trillion in assets and has emerged as one of the key traditional finance players pushing into tokenization.

Stellar price saw a significant rise on Wednesday shortly after the news emerged, rising from $0.146 to $0.17, and posting a large green daily candlestick. The rise broke through the daily MA 50, which had capped $XLM price in recent weeks and continued into Thursday, with Stellar reaching an intraday high of $0.18, last seen since April 22.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

"SaaS Apocalypse" Debunked? Autodesk (ADSK.US) and Intuit (INTU.US) Lead Growth Against the Trend as Wall Street Reprices the "AI Eating Software" Narrative

This week, Autodesk and Intuit are expected to record their strongest weekly gains in months, defying pressure on the overall technology sector. This strong performance signals a renewed optimism in the market regarding the growth prospects of the SaaS (Software as a Service) industry.

智通财经•2026/10/09 09:56

Starlink Targets the US Mobile Communication Market, SpaceX (SPCX.US) Opens New Growth Opportunities: Wall Street Focuses on the Reshaping of the Telecom Industry Landscape

Combining the existing satellite capacity, SpaceX is supplementing its capabilities to upgrade from “occasional emergency connectivity” to “daily mobile service.” The satellite network provides wide-area coverage and fills ground blind spots, while low-frequency terrestrial networks improve connectivity inside buildings and in environments with complex obstructions. The two form a complement to each other.

智通财经•2026/10/09 09:56

The Decisive Significance of Next Week's U.S. CPI: Will the Federal Reserve Hold Off on Raising Interest Rates in October?

Barclays and Morgan Stanley both expect the month-on-month increase in core CPI for September to slow from 0.29% in August to 0.24%, mainly due to a decline in the price increase of wireless communication services. Energy is driving overall inflation, but the marginal core pressure is easing, providing justification for the Federal Reserve to keep rates unchanged in October.

华尔街见闻•2026/10/09 09:27
The Decisive Significance of Next Week's U.S. CPI: Will the Federal Reserve Hold Off on Raising Interest Rates in October?