Advertisement
AD

Main navigation

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

Advertisement
Mon, 11/03/2019 - 6:33
Stellar on Track to Overtake Tether (USDT) and Binance Coin (BNB) After Major Price Spike
Cover image via U.Today
Read U.TODAY on
Google News
Contents
Advertisement

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.

card

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.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD