While the market faces one of the most adversities this year, with Bitcoin (BTC) trading below $70,000, the premier cryptocurrency (XLM) is showing great strength.
From May 27th to June 2nd, 2026. XLM rose from $0.1499 to $0.2283, an increase of 52.3%.
The move is attracting attention as it comes amid a confluence of negative factors, including the escalating conflict between the United States and Iran, the closure of the Strait of Hormuz, a key route for global oil trade, and a new escalation of the war between Russia and Ukraine.
What happens is that these tensions These raise inflation expectations, create economic uncertainty, and reduce appetite for assets considered risky.including Bitcoin (BTC) and cryptocurrencies.
This deterioration in sentiment can be seen in the CoinMarketCap Fear and Greed Index.
In the image above, the yellow line represents the market sentiment index, The blue line shows the BTC price trend. Currently, this indicator stands at 29 points out of 100, and this area is classified as “fear”.
This index aims to measure the main emotional state of investors. Higher numbers are typically associated with optimism and risk appetite, while lower numbers reflect caution, uncertainty, and selling pressure. In other words, The market is currently in a period where concerns about further decline are predominant.
However, Stellar took a different path due to the development of its ecosystem.
DTCC and MoneyGram drive prices up significantly
The main trigger for the rise in XLM was Announcement made by Depository Trust & Clearing Corporation (DTCC) and Stellar Development Foundation on May 27th.
As reported by CriptoNoticias, DTCC plans to enable tokenization of US financial assets on the Stellar network in the first half of 2027.
This news carries weight because DTCC is considered core infrastructure on Wall Street. The organization participates in the clearing, settlement, and registration process for financial operations in the United States and oversees capital markets of more than $114 trillion.
In this framework, Stellar’s participation in DTCC-related initiatives was interpreted by the market as a sign of growing institutional adoption. Denel Dixon, Executive Director of the Stellar Development Foundation, himself emphasized the relevance of this agreement and presented it as a step towards the use of this network in traditional financial infrastructure.
Added to this is the launch of MGUSD, the stablecoin of MoneyGram, the world’s second largest remittance provider after Western Union.
As CriptoNoticias reported today, MGUSD will run on Stellar’s infrastructure and be integrated into the company’s payments and remittance services.
The relationship between the two companies is not new. MoneyGram and Stellar have been collaborating for five years on international money transfer solutions supported by decentralized network technology.
It remains to be seen whether this momentum in XLM prices can be sustained once the initial effects of these developments subside.
(Tag translation) Altcoin
