The post XLM crypto price target $1 as USDC transactions jump appeared on BitcoinEthereumNews.com.

The XLM crypto price went parabolic and reached its highest level since December after the GENIUS Act vote passed and its USDC volume and transactions surged. Stellar Lumens (XLM) advanced to a high of $0.5205, up 140% from its June low. This surge, which occurred in a high-volume environment, saw daily trading volume climb above $2 billion. The XLM token rally mirrored that of Ripple (XRP), which jumped to a record high after the GENIUS Act passed. The two, which trace a similar origin, have exposure to the booming stablecoin industry.  Ripple Labs recently launched the Ripple USD stablecoin, which now has a market capitalization of over $550 million. Stellar, by contrast, remains focused on peer-to-peer transactions, offering some of the lowest transaction costs in the industry. Data from Artemis shows that Stellar’s growth has accelerated this year. It now holds over $180 million in USDC, up nearly 20% over the past 30 days. Adjusted transaction volume rose by more than 54% to $1.6 billion, while the number of stablecoin transactions increased by 11% to 9.3 million. While Stellar is not the largest stablecoin network, it is among the fastest-growing. The GENIUS Act could benefit Stellar if U.S. users shift toward USDC, as Tether, the dominant player in the stablecoin market, is not compliant. USDT is also backed by gold and Bitcoin (BTC), which adds complexity to its regulatory profile. Stellar may also gain traction as companies like Walmart, Citigroup, and Amazon explore launching their own stablecoins. Some of these firms could choose Stellar as their blockchain of choice. XLM crypto price technical analysis XLM price chart | Source: crypto.news The three-day chart shows that Stellar Lumens bottomed at $0.2188 in April and June. It formed a double-bottom pattern and moved above the neckline at $0.3338, its May high. The…

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Filed under: News - @ July 18, 2025 9:33 pm