Stellar XLM Jumps on PayPal USD Launch, Record Open Interest
Stellar XLM surged to around $0.40 this week, driven by PayPal’s plan to launch its PYUSD stablecoin on the Stellar network. The integration, set to reach over 170 countries, highlights Stellar’s low-cost, high-speed cross-border rails. Futures open interest in XLM climbed to $345 million—the highest since January—reflecting rising liquidity and trader demand. On-chain metrics also strengthened: stablecoin supply on Stellar jumped to $627 million (or $181 million excluding the Franklin Onchain US Government Money Fund, mostly USDC), active addresses rose 13% to 158,329, and transactions increased 16% to 18.5 million. Technically, XLM formed a double-bottom pattern with a $0.3331 neckline, implying a target near $0.45. Traders should watch for a potential neckline retest before any further breakout. Overall, the combination of PayPal USD integration, record futures open interest, stablecoin supply growth, and bullish on-chain signals points to strong upside momentum in the XLM price.
Bullish
The news is bullish for XLM in both the short and long term. In the short term, the launch of PayPal USD on Stellar and the record futures open interest indicate strong buying pressure and liquidity, suggesting a likely breakout above the $0.40 level once the double-bottom neckline at $0.3331 is retested. For long-term outlook, institutional adoption via PayPal USD integration and a surge in stablecoin supply signal growing network utility and transaction volume, which can sustain upward price momentum. Together, these factors point to healthy demand and stronger market confidence in Stellar XLM.