Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.
Stellar Lumens [XLM] has gained somewhat in the last seven days, despite the market trading mostly sideways. Following the consistent price hike, the volume of the Stellar network’s native digital currency has also risen, reaching a weekly high of 216.6 million.
It was only that last week that XLM’s price surpassed $0.1 for the first time in nearly a year. Coincidentally, the additional increase this week coincided with the project’s ninth anniversary.
Early this month, Brazil’s central bank launched the pilot for its experimental central bank digital currency (CBDC). The test for Brazilian CBDC, Digital Real, is taking place on the Stellar blockchain network.
Soon thereafter, Pendulum announced the release of the Spacewalk bridge that connects the Polkadot infrastructure to Stellar’s blockchain so Polkadot can access fiat and stablecoin currencies. The Spacewalk bridge will allow Polkadot to access the entire infrastructure created by Stellar, especially that related to cross-border payments.
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