Stellar Lumens (XLM) the Only not Backing Down Against XRP
Stellar XLM and Ripple’s XRP, the competitive Duo, for the time being are by no doubt included in the group of coins which various enthusiasts and traders see as most promising and highly potential for future causes.
When it comes to price performance, it has become tradition the last couple of months that the first to initiate a recovery motive are XRP or stellar with major differences when it comes to speed of value increase compared to other leading coins.
Per time of writing, the pair XLM/USD has gained 5.51% value reaching the level of $0.2484 leading BTC’s market by 4.45%.
Ripple’s XRP Overtakes Ethereum ETH Second Position Amidst Market Plunge
Ripple’s XRP CEO: Goal is to Overtake SWIFT Banking Network
Both digital assets are among a few that have broken above the weekly declining trend which could be signaling a positive outcome of the day or even more recovery during the week.
– Stellar Latest : a new stablecoin will be launched on the Stellar blockchain that is pegged to the Australian Dollar (AUD). It will keep its value in a manner similar to how traditional stable coins have used the USD as reference as well as being backed by the fiat currency. In this case, the new stablecoin by Novatti Group, will also be backed by the Australian Dollar (AUD).
Peter Cook, Novatti’s Managing Director, explained his vision for the coin beyond crypto market trading:
We think that people will use them [stablecoins] to help purchase goods from Australian enterprises. And we think that will also use them for the payment of bills or for services inside of Australia.