Share this article
Stellar Gains 2.2% as Momentum Builds From Bancorp Stablecoin Pilot
Fifth-largest U.S. bank selects XLM network for stablecoin pilot, validating institutional blockchain adoption.
Nov 28, 2025, 5:36 p.m.
What to know:
- XLM climbed from $0.2531 to $0.2587 after banking partnership reveal.
- Trading volume spiked 98% above average during European breakout session.
- Technical momentum targets $0.2620 resistance with strong institutional flow.
Stellar’s XLM token climbed 2.2% to $0.2587 over the 24 hours, continuing to build on momentum stemming from U.S. Bancorp announcement that it will test stablecoin payments on the network in partnership with PwC and the Stellar Development Foundation.
The bank — the fifth-largest in the U.S. — cited Stellar’s native compliance features, including asset-freeze and transaction-reversal capabilities, as key reasons for selecting the chain for regulated payments experiments.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The rally intensified around 08:00 UTC as XLM broke above $0.2560 resistance on heavy volume, with 29.3 million tokens traded versus a 14.8 million average.
The token printed higher lows at $0.2514, $0.2540 and $0.2555 before touching session highs near $0.2620. Institutional flows clustered around the $0.2540 area, reinforcing a constructive intraday trend that held through the European trading window.
By 14:00 UTC, XLM was trading at $0.2592, consolidating between $0.2586 and $0.2591 on lighter activity while maintaining support at $0.2585. Traders are watching whether the combination of a technical breakout and major-bank validation can sustain momentum toward the next resistance band, especially as stablecoin payment volumes are projected to approach a $1 trillion annual run rate by 2030.
Key Technical Levels Signal Upside Continuation for XLM
Support/Resistance: Strong support holds at $0.2540 with backup levels at $0.2514; immediate resistance targets $0.2620 session highs.
Volume Analysis: Breakout volume of 29.3M confirms institutional participation; consolidation above $0.2585 on declining volume indicates healthy pullback.
Chart Patterns: Higher low progression at $0.2514, $0.2540, $0.2555 validates ascending trend; break above $0.2570 confirms bullish continuation.
Targets & Risk/Reward: Next resistance at $0.2620 offers 1.3% upside potential; stop below $0.2540 limits downside to 1.9% for favorable 1:1.4 risk ratio.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Fed’s Hammack tilts hawkish on rates, questions CPI drop as distorted
"My base case is that we can stay here for some period of time," Cleveland Fed President Beth Hammack told the WSJ.
What to know:
- Cleveland Fed President Beth Hammack, who will be a voter on the central bank's policy-making FOMC in 2026, says interest rates need to remain on hold for several months.
- She threw shade on last week's surprisingly soft CPI report, noting data-collection distortions created by the government shutdown.
- Other things being equal, bitcoin would typically benefit from easier Fed monetary policy, but that hasn't at all been the case in 2025.
Top Stories
