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31 July 2021

Stellar's XLM Up 14% on MoneyGram Takeover Plans   | Crypto Briefing

Stellar's XLM Up 14% on MoneyGram Takeover Plans   | Crypto Briefing


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Stellar’s XLM token rallied 14% following rumors that the Stellar Development Foundation has expressed interest in acquiring remittance provider MoneyGram International Inc.

The asset’s jump may be due to bullish news surrounding the Stellar Development Foundation. On Wednesday, anonymous sources told Bloomberg that the group behind Stellar had expressed preliminary takeover interest in MoneyGram International Inc. .

The Stellar Development Foundation is part of the Stellar Network, the non-profit organization behind the Stellar Lumens token.

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