Stellar (XLM) surged after SushiSwap activated cross‑chain swaps for XLM and USDC on the Stellar network, a move that also introduced Circle’s CCTP support and the release of Stellar JS SDK v16.0.0.
Cross‑Chain Integration and SDK Release
SushiSwap announced that XLM and USDC can now be swapped across more than 40 blockchains, expanding liquidity options for investors. Circle confirmed on Twitter that its Cross‑Chain Transfer Protocol (CCTP) is now compatible with Stellar, enhancing interoperability for the crypto ecosystem. The Stellar JavaScript SDK v16.0.0 went live alongside the Protocol 27 testnet upgrade, providing developers with new tools to build on the blockchain.
Tokenized Treasury‑Bill Offering
Archax launched GOVY, a tokenized perpetual US Treasury Bill product that aligns with High‑Quality Liquid Assets (HQLA) Level 1 standards. The product debuted on Ethereum, Hedera and Stellar, granting non‑US investors direct, legally enforceable exposure to short‑dated US T‑Bills. By tokenizing the treasury bill, Archax aims to attract institutional investors seeking stable, blockchain‑based assets.
Market Reaction and Ranking Changes
Stellar’s price climbed up to 10 % in a single day, delivering a 30 % gain over the past week and briefly pushing XLM ahead of Zcash (ZEC) in market rankings. The rally peaked at $0.2515 between June 14 and June