Stellar (XLM) gets strong institutional validation: DTCC kicks off pilot tests
One of the most interesting moves in the last 48 hours was the $XLM , which surged +12-15% with volume.
The main reason: The DTCC (Depository Trust & Clearing Corporation), one of the most significant financial institutions in the United States (handling trillions of dollars in daily settlements), announced that it will start pilot tests with the Stellar network.
Why does this matter?
*DTCC is an extremely traditional and conservative entity. Their decision to test Stellar for tokenization and settlements speaks volumes about the technical maturity of the network.
*This comes on the heels of the recent launch of CCTP from #Circle , which is already bringing more liquidity from $USDC to #Stellar .
*Stellar continues to quietly position itself as one of the most functional networks for institutional payments and tokenization, especially in stablecoins and remittances.
This becomes even more relevant as it adds to the tests that DTCC has already been conducting with other networks like $XRP Ledger and #XDC Network.
That #DTCC is testing multiple tokens #ISO20022 speaks very well of the advancement of this technology in the institutional world.
It's not a massive boom yet, but these are the kinds of news that are adding bricks to the real infrastructure.
One of the most interesting moves in the last 48 hours was the $XLM , which surged +12-15% with volume.
The main reason: The DTCC (Depository Trust & Clearing Corporation), one of the most significant financial institutions in the United States (handling trillions of dollars in daily settlements), announced that it will start pilot tests with the Stellar network.
Why does this matter?
*DTCC is an extremely traditional and conservative entity. Their decision to test Stellar for tokenization and settlements speaks volumes about the technical maturity of the network.
*This comes on the heels of the recent launch of CCTP from #Circle , which is already bringing more liquidity from $USDC to #Stellar .
*Stellar continues to quietly position itself as one of the most functional networks for institutional payments and tokenization, especially in stablecoins and remittances.
This becomes even more relevant as it adds to the tests that DTCC has already been conducting with other networks like $XRP Ledger and #XDC Network.
That #DTCC is testing multiple tokens #ISO20022 speaks very well of the advancement of this technology in the institutional world.
It's not a massive boom yet, but these are the kinds of news that are adding bricks to the real infrastructure.