Stellar gains momentum with Mastercard and Franklin Templeton deals

Stellar (CRYPTO:XLM) has attracted attention following its partnerships with Mastercard and Franklin Templeton. 

These collaborations aim to enhance XLM's credibility and long-term growth potential, as the network looks to expand its use cases. 

Recent developments have generated optimism among investors, with Stellar showing signs of a potential resurgence if its momentum continues. 

According to a community member named Puppeteer, these partnerships could strengthen XLM’s credibility in the market. 

However, broader market dynamics and the rate of adoption remain critical to the asset’s growth prospects. 

One of the notable collaborations is with Mastercard, where Stellar’s network integrates with Mastercard’s Crypto Credential solution. 

This partnership seeks to provide secure and compliant digital transactions. 

Despite this progress, XLM faces competition, particularly from XRP (CRYPTO:CRP), due to their similar use cases in facilitating cross-border payments. 

In discussions within the crypto community, some users have noted that XLM often reacts to XRP’s price movements, hinting at a correlation between the two assets. 

A user remarked, “XLM booms when XRP moves first,” highlighting the perception that XLM’s performance could be influenced by XRP’s success. 

Critics, however, have pointed out that Stellar’s partnership with Mastercard dates back to 2019, raising questions about the actual impact of these latest developments. 

They argue that while the recent announcements are positive, the key factor will be whether these partnerships translate into sustained growth for XLM. 

Stellar’s path forward may depend on how effectively it leverages these collaborations to increase adoption and differentiate itself from competitors in the market. 

With strong partnerships in place, the coming months could be pivotal for XLM’s future.

At the time of writing, the Stellar price was $0.09535.