The Stablecoin of the Stellar Network Sets a Record - Will XLM Catch Up?
Record Growth in Supply
The Stellar Network has recorded its highest level of stablecoin supply, reflecting increasing confidence in its infrastructure for fast and reliable digital payments.
What About XLM?
Despite this growth, the price of XLM has not seen a significant increase, but it shows positive technical signals that may lead it towards breaking the resistance of $0.16 soon.
The Role of the Institutional Sector
The entry of banks and money transfer companies has contributed to the network's adoption, which may later lead to an increase in demand for XLM if institutional momentum continues.
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