U.S. Bancorp, the fifth-largest U.S. bank, selected Stellar's blockchain for institutional stablecoin testing, driving XLM up 2.6% to $0.2505 on 45% above-average trading volume and a breakout through $0.2460 resistance.
XLM gained 2.6% over 24 hours to $0.2505, breaking through $0.2460 resistance on institutional-grade trading volume 45% above daily averages. The rally was catalyzed by news that U.S. Bancorp, the fifth-largest U.S. bank by assets, selected Stellar's blockchain for proprietary stablecoin testing. Technical analysis shows controlled accumulation patterns with support holding above the $0.2495 breakout level and an immediate target at $0.2556. Volume patterns from Monday's 38 million token surge confirmed institutional participation, with late-session price action pushing XLM through the $0.2500 psychological level.