- Templar launches Stellar, allowing XLM depositors to borrow USDC, without wrapping barriers.
- XLM is trying to stage a slight recovery, but the bearish signals persist with a Death Cross and low momentum readings.
Templar, the first Cypher Lending Protocol, has officially launched on the Stellar Network, allowing users to deposit XLM and borrow stablecoins like USDC across multiple blockchains. The integration makes it possible to borrow directly through Stellar wallets without the need for bridges or wrapped tokens.
Templar operates via NEAR’s multi-party computation (MPC) network and Chain Signatures, handling deposits from Stellar wallets securely and without cross-chain complications.
USDC loans are not only available on Stellar, but can also be accessed on Ethereum, Solana, NEAR, and other supported chains. This structure allows liquidity to move smoothly between supported networks.
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Templar, the first Cypher Lending Protocol, launches on @StellarOrg to unlock multichain XLM and RWA lending.Stellar users can now deposit XLM to borrow USDC on Stellar! pic.twitter.com/o85gwbrGjh
— Templar Protocol (@TemplarProtocol) November 5, 2025
Lending options expand with Benji integration
This launch is part of a larger collaboration between Templar and Stellar focusing on tokenized real-world assets (RWAs). Stellar is already present in this sector, supporting tokenized instruments such as Franklin Templeton’s US Government Money Fund (Benji).
Templar plans to integrate Benji as a lending option while exploring adding more assets from RWA projects, such as Centrifuge. This opens liquidity pathways for tokenized assets on Stellar and supports permissionless access in the DeFi space.
This move expands the range of assets available through the Templar Protocol, bringing it closer to the goal of allowing anyone to seamlessly borrow against any asset on any chain.
Centrifuge recently announced a $20 million deployment on Stellar, while Mercado Bitcoin shared plans for a $200 million tokenization effort. PayPal’s PYUSD and Ondo Finance’s USDY have also been introduced to the network.
Stellar now owns more than $500 million in tokenized real-world assets, excluding stablecoins. This represents an increase of approximately 25% on an annual basis. With near-zero transaction fees and financial rails that cater to both retail and institutional users, the network continues to attract interest from companies looking to issue or interact with tokenized assets.
Death Cross signals a deeper decline for Stellar
Stellar’s XLM token attempted to recover on Wednesday after two consecutive sessions in the red, trading at $0.2704 immediately 1% profit within the day. The move came as the altcoin broke below a descending channel pattern, increasing caution among traders about a possible continuation towards the $0.2200 support area.
Market analyst Peter Brandt pointed to the breakout and warned that weakening retail demand could deepen the correction.
The technical setup for the token has turned bearish after the 50-day exponential moving average crossed below the 200-day EMA on Monday, forming a Death Cross pattern. This signal generally indicates a further downward trend, in line with XLM’s recent pullback from the peaks at the beginning of the month.
The Relative Strength Index is hovering around 30 and the MACD line is below the signal line. These numbers reflect increased selling pressure and continued downward momentum. A daily close above the June 11 high of $0.2851 could restore near-term optimism and pave the way to the $0.3000 mark.