Here’s Why Stellar (XLM) Price Is Pumping

Stellar’s XLM and Ripple’s XRP are both seeing strong price increases, moving up together in the market. Ripple’s recent announcement about the launch of its stablecoin, RLUSD, has triggered notable excitement, which has seen XRP’s price move up.  XRP’s upward movement has historically influenced Stellar, as both projects are closely associated with U.S.-based blockchain initiatives.