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Why Stellar (XLM) Traders Are Turning Bullish Despite a 60% Flash Crash
Yahoo Finance· 2025-10-15 10:54
Group 1 - Stellar (XLM) is experiencing renewed optimism from traders and institutions despite a recent 60% flash crash, driven by fundamental developments such as the launch of a new physically backed ETP and key partnerships [1][2] - WisdomTree launched its Physical Stellar Lumens (XLMW) ETP on October 14, listed on the Swiss SIX Exchange and Euronext in Paris and Amsterdam, with a management expense ratio of 0.50% [2][3] - The ETP provides institutional investors with transparent and regulated access to Stellar's ecosystem, highlighting Stellar as a high-performance Layer-1 blockchain aimed at modernizing global finance [3][4] Group 2 - Stellar has evolved from a niche remittance protocol since its launch in 2014 into a globally distributed network facilitating cross-border payments, tokenized real-world assets, and decentralized finance applications [3][4] - The Stellar Consensus Protocol (SCP) allows for near-instant transactions without mining rewards or excessive energy consumption, positioning Stellar as one of the most established blockchains focused on real-world financial solutions [4] - José Fernández da Ponte, President and Chief Growth Officer of the Stellar Development Foundation, joined the International Advisory Board of Santander, enhancing ties between open blockchain networks and traditional financial institutions [5]