Stellar on Track to Overtake Tether (USDT) and Binance Coin (BNB) After Major Price Spike

  • Alex Morris
    📰 News

    🚀📈The coin experienced a whopping 20 percent growth on a week-to-week basis


Stellar on Track to Overtake Tether (USDT) and Binance Coin (BNB) After Major Price Spike
Contents

Stellar (XLM) has recently surpassed the psychologically important mark of $0.10 while it's price continues to grow over the last several days. The ongoing bullish momentum started last week when Germany media company Börsenmedien AG acquired Stellar-powered startup SatoshiPay.

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Surpassing Tether and Binance Coin

With a 7 percent increase over the last 24 hours, Stellar’s market cap is currently sitting at $1.9 bln. Thus, there is a good chance that Stellar (XLM) might surpass Tether (USDT) and Binance Coin (BNB) - both are hovering above $2 bln. If that does happen, Stellar will become the seventh biggest currency on CoinMarketCap (CMC).

Surpassing Tether and Binance Coin

German media giant behind the growth

As mentioned above, this sudden growth is driven by Satoshi Pays acquisition. German media company Börsenmedien AG claimed that getting a stake in the startup would help them implement a pay-per-article scheme on their websites. Satoshi Pay, as the name suggests, facilitates nano payments with the help of Stellar (XLM).

XLM and XRP

Stellar and Ripple’s XRP behave in a very similar fashion when there is an announcement about a major partnership. Recently, U.Today also reported about IBM revealing that its XLM-based cross-border payment system would onboard 40-50 banks in the nearest future.

Cover image via u.today
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