The price of Stellar XLM soared to as high as $0.39 on January 6. Having made a 31 month high, Stellar moved keenly back into the top ten, usurping Chainlink to take 9th place via market cap.<\/p>\n
Throughout this week, there has been no shortage of positive news concerning Stellar. For example, the Ukrainian central bank announced<\/a> it had chosen the\u00a0 Stellar network to run its forthcoming central bank digital currency (CBDC).<\/p>\n On that, Denelle Dixon<\/span><\/a>, the CEO and Executive Director of the Stellar Development Foundation, said:<\/p>\n “We look forward to working with the Ministry and other stakeholders to digitize the hryvnia, to bring Stellar-based tools and services to the people and businesses of Ukraine<\/span>, and to introduce new partnership opportunities in Ukraine<\/span> to businesses in the Stellar ecosystem.”<\/p><\/blockquote>\n As significant as that is, perhaps an even bigger coup for Stellar lies in its potential involvement with the U.S. banking settlement infrastructure.<\/p>\n At the start of the week, Circle CEO Jeremy Allaire tweeted that the U.S. Treasury had given the green light for U.S. banks to use public blockchains as a settlement layer.<\/p>\n “The new interpretive letter establishes that banks can treat public chains as infrastructure similar to SWIFT, ACH and FedWire, and stablecoins like USDC as electronic stored value. The significance of this can\u2019t be understated.<\/span>“<\/p><\/blockquote>\n 1\/ Breaking major news from US Treasury OCC, the largest US banking regulator (@USOCC<\/a>), with new guidance allowing US banks to use public blockchains and dollar stablecoins as a settlement infrastructure in the US financial system. https:\/\/t.co\/gQFWISWUnc<\/a><\/p>\n — Jeremy Allaire (@jerallaire) January 4, 2021<\/a><\/p><\/blockquote>\nAre Even Bigger Things Ahead For Stellar?<\/h2>\n
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