Stellar’s XLM has climbed 2.7% to $0.2135 after payments company BVNK added the blockchain to its stablecoin platform, making it available for business transactions in more than 130 markets.
The new service is accessible through BVNK’s existing API, allowing customers to use Stellar for payments, payouts, remittances and corporate treasury transfers without creating a separate blockchain connection or replacing their current systems.
CoinGecko data put XLM’s market value at about $7.46bn, with daily trading volume of $403.3m. The token rose 11.2% over the past week, trading between $0.2062 and $0.2198 during the latest 24-hour period.
BVNK said its platform recorded $55.6bn in payment volume and processed 3.6 billion transactions during 2025. It reported uptime of 99.99% and average settlement times of about five seconds.
“Businesses shouldn’t have to manage separate connections to multiple blockchain networks,” said Kimberley Mescal Julien, BVNK’s head of partnerships. She described Stellar as another low-cost route for cross-border payments available through the company’s existing platform.
The integration enables companies to route transactions through Stellar alongside BVNK’s other settlement networks. Stellar supports the issuance and transfer of tokens, including assets designed to track national currencies, and BVNK said customers could gain access to more Stellar-based assets through the same connection if its offering expands.
No additional assets or launch timetable were announced.
XLM trading activity increases
Around 35 billion XLM are in circulation from a maximum supply of approximately 50 billion tokens, according to CoinGecko. The token remains about 75.6% below its record price of $0.8756.
CoinGecko calculates its quoted XLM price using a volume-weighted average from 113 exchanges and 244 markets.
BVNK has not disclosed how much payment volume will use the new Stellar rail or whether customers must hold XLM directly. Adoption of a blockchain does not necessarily create equivalent demand for its native token, as payments can be settled using stablecoins or other assets.
A recent XLM assessment by crypto.news cited about $5.5bn in stablecoin payment volume and more than $2.83bn in tokenised real-world assets on Stellar as of June. It also reported that the Depository Trust and Clearing Corporation planned to connect its tokenisation service to Stellar, with live assets targeted for the first half of 2027.
Mastercard acquisition and US banking test
The launch follows Mastercard’s completion of its acquisition of BVNK in August, in a deal valuing the company at up to $1.8bn. Mastercard said the purchase would help connect digital assets with traditional payment systems and support transfers between fiat currencies and digital currencies through Mastercard Move.
BVNK has continued operating its own platform since the acquisition. Before the deal was completed, it was among more than 30 companies involved in Mastercard’s Agent Pay for Machines programme, which was designed to allow automated software to make high-volume, low-value transactions using cards and stablecoins.
The announcement also follows a live transaction by U.S. Bank using its proprietary USBDC stablecoin on Stellar. The bank transferred funds between entities in North America and Europe.
U.S. Bank said the transaction was a controlled test, not a public stablecoin launch. It did not disclose the payment amount, transaction hash, settlement time or reserve structure, and gave no access timetable for customers or other financial institutions.
The pilot examined international intercompany transfers while connecting USBDC to the bank’s finance, risk, compliance and operational systems. U.S. Bank also tested issuance, transfer, redemption, freezing and clawback functions, as well as liquidity management, collateral movement and cross-border treasury operations.
