Stellar XLM volume surges 303% to $873M as MoneyGram stablecoin drives activity

XLM trading volume surged 303% to $873 million in the last 24 hours, with the token gaining 11% as MoneyGram's MGUSD stablecoin launch on the Stellar network drove renewed market interest, CoinMarketCap data shows.

"The volume spike reflects real utility demand, not speculative noise — MoneyGram's stablecoin on Stellar creates a tangible payments use case that attracts both traders and remittance users," Jason Wu, on-chain analyst at Edgen, said.

The 303% volume increase pushed XLM's 24-hour turnover to $873 million, well above its recent daily average. The price climbed 11%, outperforming most major altcoins during the same period. MoneyGram launched its MGUSD stablecoin on Stellar in June, expanding blockchain-based international transfers through its consumer app, according to a company announcement.

The surge signals that Stellar's focus on cross-border payments and stablecoin infrastructure is gaining traction. With traditional remittance giants like MoneyGram and Western Union both launching stablecoins on blockchain networks, the addressable market for Stellar-based payment corridors could expand significantly. Former Bybit executive Claudia Wang estimated in May that remittance corridors outside the US-to-Mexico market represent a $112 billion opportunity for stablecoin issuers.

The volume spike aligns with broader trends in Latin America, where stablecoin adoption for cross-border payments has accelerated over the past 12 months. A Binance Research report found that the region's share of Binance stablecoin transfer users more than doubled to 38% in 2026 from 17% in 2025, driven by demand for faster and lower-cost international transfers.

Stellar's blockchain, designed specifically for cross-border payments and asset tokenization, is well-positioned to capture a portion of that flow. The network's low transaction fees and fast settlement times make it a natural fit for remittance corridors, particularly in emerging markets where traditional banking infrastructure is limited.

The global stablecoin market cap has grown to roughly $311 billion, up from about $254 billion a year ago, according to DefiLlama data. Visa's Allium-powered stablecoin dashboard showed adjusted stablecoin volume reached a record $1.79 trillion in June, surpassing the previous high set in February.

This article is for informational purposes only and does not constitute investment advice.