Stellar Price Tumbles Below $0.20 Ahead of DTCC's Tokenization Launch
XLM's price has been weakening, falling to $0.172 on September 2 after retreating from above $0.20 in late August.
This comes as Depository Trust & Clearing Corporation (DTCC) prepares for its October tokenization launch, which will connect with the Stellar public blockchain.
The DTCC plans to launch its tokenization service in October, following live production transactions involving dozens of institutions and tested tokenized assets in July.
Tokenized DTC-custodied assets are expected to reach the Stellar network in the first half of 2027, but the initial rollout will not immediately put these assets on Stellar.