Stellar Development Foundation Invests in International Transfer Giant MoneyGram

Stellar Development Foundation (SDF) becomes a minority investor in MoneyGram during its go-private deal with Madison Dearborn Partners. This move strengthens SDF's role in MoneyGram's digital journey and fintech innovations.

Timeline of Stellar

Despite the temporary consolidation in the cryptocurrency market, Stellar (XLM) has been recording gains on all of its charts, growing its value nearly 100% since the year's turn and sparking hopes it could overtake its all-time high (ATH) and even proceed toward $1.

With OpenAI launching its artificial intelligence (AI) tool ChatGPT, the ensuing hype has given birth to other powerful AI platforms, including Google Bard, which has proven itself useful in cryptocurrency market analysis, including comparisons between assets like Stellar (XLM) and XRP (XRP).

In correlation with the recent downward trajectory observed in XRP's price performance over the past week, Stellar (XLM) has similarly experienced a diminishing trend, mirroring the prevailing bearish sentiment in the cryptocurrency market.

The price of Stellar (XLM) has experienced a decline since reaching its yearly high on July 13. However, it's currently trading within a continuation pattern, which indicates the potential for a breakout in the future.

Amidst the artificial intelligence (AI) frenzy ignited by OpenAI's ChatGPT, the tech landscape has witnessed fierce competition among industry giants eager to unveil their own cutting-edge AI products. One such formidable contender is Google Bard, a generative AI offering brought to the fore by Alphabet (NASDAQ: GOOGL).

At a time when Bitcoin (BTC) and most altcoins are wriggling out of their bearish dive with slight gains, Stellar (XLM) is notably charting an impressive rally across the board. The cryptocurrency is trading at a price of $7.96, up by 10.2% at the time of writing.

The much-awaited TOKEN2049, Asia's leading Web3 and crypto conference, is back in Singapore with a bang. Scheduled to take place from 13th to 14th September 2023 at Marina Bay Sands, this year's event promises to be the largest of its kind, attracting over 10,000 attendees from more than 3,500 companies.

Bitso, a leading cryptocurrency exchange in Latin America, has partnered with Stellar Development Foundation to enhance the global payment corridor between Latin America and the rest of the world.

Chainlink rose by as much as 20% earlier in today's session, as markets reacted to the release of its Chainlink Cross-Chain Interoperability Protocol (CCIP). Traders were buoyed by the news, pushing the token to its highest level since April in the process. Stellar rose to a one-week high today.

Stellar (XLM) has registered a surprise surge, catapulting itself into the forefront of the crypto market frenzy. Beginning July 18, this surge has taken the digital asset on a solid price rally, propelling its value to new heights.