Stellar (XLM) surged 13% on July 1 after being announced as a launch partner for the Open USD stablecoin, pushing its price to roughly $0.20 and outpacing Bitcoin (BTC) in the same session.
Open USD Partnership Boosts Stellar Utility
The Open USD initiative, reportedly supported by Visa and BlackRock, designates Stellar as a primary settlement layer for large‑scale digital payments. Investors interpret this collaboration as a catalyst for broader blockchain adoption and heightened demand for XLM. By linking a high‑profile stablecoin to Stellar’s network, the project strengthens the coin’s role in cross‑border transactions.