Stellar price jumped 80% in 7 days following PayPal’s plan to launch PYUSD on its blockchain.
XLM open interest surged 150%, reflecting strong bullish sentiment and increasing institutional adoption.
Stellar (XLM) has seen a price surge of over 80% in the past seven days, and this wasn’t without significant support. One of the main catalysts came from PayPal’s major announcement last June that it would launch its PYUSD stablecoin on the Stellar network—after clearing regulatory approval, of course.
If that happens, users will be able to enjoy super-low transaction fees, around $0.001, in the more than 180 countries supported by the network. What does this mean? Cross-border transfers will be faster, cheaper, and less costly.
Since then, many eyes have been on XLM, especially since the Stellar network is designed for global payment efficiency. It’s no surprise that traders have begun taking long positions. According to CoinMarketCap data, open interest in the XLM futures m
