Stellar's XLM token surged 14% over the weekend, hitting nearly $0.27 before a wider market pullback trimmed the gain to around 5%. It was the top performer in the CoinDesk 20 index.
The catalyst came from the Depository Trust & Clearing Corporation, which processes trillions of dollars in transactions each year. DTCC announced plans to connect its tokenized securities platform to the Stellar network, making Stellar the first public blockchain selected for this integration. Testing begins in July, with full deployment expected in the first half of 2027.
In the weeks after the announcement, XLM saw weekly gains over 50%. On May 28, XLM climbed 10.5% while the broader index fell 3.1%. Trading volume in a single session exceeded $1.76 billion.
Stellar was co-founded by Jed McCaleb, who also co-founded Ripple, and has focused on cross-border payments and financial inclusion. The DTCC decision gives XLM a differentiation story it has long lacked.
Market indicators, including the Relative Strength Index, have flashed overbought signals. The weekend's pullback shows selling pressure emerging. The key milestone to watch is the July testing phase.