- Templar launches on Stellar and allows XLM deposits to borrow USDC without wrapping barriers.
- XLM is attempting a slight recovery, but bearish signals persist with death crosses 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. This integration allows you to borrow directly through your Stellar wallet without the need for bridges or wrapped tokens.
Templar operates through NEAR’s Multi-Party Computation (MPC) network and chain signatures to ensure that deposits from Stellar wallets are processed securely without cross-chain complications.
USDC borrowing is accessible not only on Stellar, but also on Ethereum, Solana, NEAR, and other supported chains. This structure allows liquidity to move smoothly between supported networks.
1/
Templar, the first Cypher Lending Protocol, launches on @StellarOrg to unlock multi-chain XLM and RWA lending.Stellar users can now deposit XLM and borrow USDC on Stellar. pic.twitter.com/o85gwbrGjh
— Templar Protocol (@TemplarProtocol) November 5, 2025
Benji integration expands borrowing options
This launch is part of a larger collaboration between Templar and Stellar focused on tokenized real-world assets (RWA). Stellar has already established a presence in this space, supporting tokenized products such as Franklin Templeton’s U.S. Government Money Fund (Benji).
Templar said it would also consider adding more assets from RWA projects, such as centrifuges, while consolidating Benji as a borrowing option. This opens a liquidity route for tokenized assets on Stellar and supports permissionless access in the DeFi space.
This step expands the range of assets available on the Templar protocol and brings us closer to our goal of allowing anyone to seamlessly borrow against any asset on any chain.
Centrifuge recently announced a $20 million deployment in Stellar, and Mercado Bitcoin shared plans for a $200 million tokenization effort. PayPal’s PYUSD and Ondo Finance’s USDY were also introduced to the network.
Stellar currently holds over $500 million in tokenized real-world assets, excluding stablecoins. This represents an increase of approximately 25% over the previous year. With near-zero transaction costs and financial rails for both individual and institutional users, the network continues to attract interest from companies looking to issue and exchange tokenized assets.
Death Cross signals a deeper drop into Stellar
Stellar’s XLM token attempted to recover on Wednesday after two consecutive sessions in the red, $0.2704 and 1% intraday profits. The move came as traders grew wary of the possibility of the altcoin breaking below the descending channel pattern and continuing towards the $0.2200 support area.
Market analyst Peter Brandt pointed to the breakout and warned that weakening retail demand could lead to a deeper correction.
The technical settings for the token turned bearish after the 50-day exponential moving average fell below the 200-day EMA on Monday, forming a death cross pattern. This signal generally coincides with XLM’s recent pullback from its peak at the beginning of the month, suggesting a long-term downtrend ahead.
The relative strength index is hovering around 30, and the MACD line is trending below the signal line. These numbers reflect increased selling pressure and sustained downward momentum. However, a daily close above the June 11 high of $0.2851 could restore near-term optimism and pave the way for the $0.3000 level.
