DTCC, a major financial clearinghouse, announced it will link its platform for digital securities to the Stellar network by 2027.
The price of XLM, the cryptocurrency used by Stellar, jumped by as much as 20% following recent news. Trading activity also increased significantly, with the volume up 927% in the last 24 hours, reaching $934.99 million, according to CoinMarketCap.
As of today, the price of XLM has risen almost 17% in the last 24 hours, reaching $0.172, and is up 20% over the past week. This increase happened even though the broader crypto market experienced significant selling, with over $930 million worth of positions closed.
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Crypto traders lost $930 million in the last day, according to data from CoinGlass. Most of these losses—$870 million—came from traders who bet prices would go up (long positions), while $59.29 million came from those who bet prices would fall (short positions).
Stellar price jumps on Wall Street tokenization push
DTCC, the main clearinghouse for Wall Street, announced Wednesday that it will link its platform for digital securities to the Stellar (XLM) network.
This collaboration expands on a December 2025 agreement with the SEC, which allows DTC to create a system for turning traditional assets it already holds into digital tokens. This will let investors use these familiar assets within a digital environment while maintaining the same protections and security they currently have with standard securities.
This is still important because DTCC is a central part of how U.S. financial markets work, handling over $114 trillion in assets. They’re also becoming a major player in the traditional finance world exploring the use of tokenization.
The price of Stellar (XLM) jumped significantly on Wednesday after some positive news broke, increasing from $0.146 to $0.17 and forming a strong upward price pattern on the daily chart. This increase pushed the price above its 50-day moving average, a level that had been holding it back recently. The upward trend continued into Thursday, with Stellar reaching a high of $0.18 – a price not seen since April 22nd.
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2026-05-28 13:44