XLM Nears $0.20 as USDT0 Launches on Stellar

The price of XLM has risen to $0.1903, gaining 1.45% and nearing its target of $0.20 after a recent rally from an August low near $0.155.

The introduction of USDT0 on Stellar's payment-centric network is expected to provide another source of liquidity for the platform, following Tether's announcement earlier this week that their token would be available on Stellar.

USDT0 expands Stellar's stablecoin offering and allows users to access Tether's USD-pegged liquidity through Stellar, enabling potential use cases such as international payments and transferring funds between financial applications.

XLM has struggled to break through previous price records during past rallies, and its current recovery is holding back from a bigger push. The total amount of trades of XLM has now totaled 87.09 million.