- Stellar (XLM) rebounds to $0.385 after recent downtrend, showing buyer activity.
- VISA adds $USDC, $PYUSD, $USDG, and $EURC to Stellar settlement network.
- Analysts say VISA’s move increases blockchain use in global payments.
Stellar (XLM) is showing new signs of recovery as its price targets $0.385 following weeks of consolidation. Data from TradingView and analysis by Ali Martinez indicate that XLM has bounced from its lower support near $0.31 after a prolonged decline.
The chart shows a descending channel pattern, and the rebound suggests renewed interest from buyers. According to Martinez, XLM’s short-term momentum is strengthening. He noted that a move toward $0.385 could confirm a temporary market recovery as traders seek higher resistance levels.
VISA Expands Stablecoin Settlement on Stellar
Meanwhile, VISA has expanded its stablecoin settlement support on the Stellar network. The new development includes four stablecoins: $USDC, $PYUSD, $USDG, and $EURC. This marks a broader integration of blockchain technology with traditional financial systems.
The expansion enables faster and more efficient cross-border transactions across various currencies. By leveraging Stellar’s blockchain, VISA can settle payments with lower costs and faster confirmation times.
Analysts Note Growing Confidence in Stellar Network
Crypto analyst Maria Chen said, “VISA’s expansion signals growing institutional confidence in blockchain infrastructure.” Her statement reflects a wider industry view that large financial institutions are now engaging more actively with decentralized networks.
Experts agree that Stellar’s increasing partnerships with major payment providers may strengthen its position in the market. With both technological developments and price recovery aligning, Stellar is gaining attention as a platform capable of supporting real-world financial use cases.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
