Bitcoin is back over $4,000 again and we saw the total cryptocurrency marketcap climb past $40,000. Stellar gained the most out of the top 20 today with gains of more than 5%. This week IBM announced a stellar based payments network.
According to the post, the network already supports settlement using Stellar Lumens and a U.S. dollar stable coin through IBM’s previously-announced collaboration with Stronghold. Pending regulatory approvals and other reviews, six international banks have signed letters of intent to issue their own stable coins on World Wire.
And Stellar’s XLM is now available on Coinbase. XLM will be available for customers in most jurisdictions, but will not initially be available for residents of the United Kingdom or the state of New York. We saw XLM experience gains today before falling slightly lower again.
Please remember this is news, not investment advice.