Stellar (XLM) has recently experienced a significant surge, strengthening its market position. Stellar is focused on facilitating fast and cost-effective cross-border monetary transactions, challenging traditional banking systems that are often slow and expensive.

Following the recent success of XRP, Stellar's XLM has seen a notable increase and is trading at around $0.1042, reflecting a 4.05% hike in the past 24 hours, with a daily trading volume of $112.03 million - a figure that has more than doubled.

The rising volume indicates an exponential rise in XLM's appeal, contributing to its recovery from the biggest dip in a year.

Taurus, a digital asset services provider supported by Deutsche Bank, has extended its facilities for secure storage and issuance of digital assets to cover the Stellar Network. Joining other financial institutions such as Franklin Templeton, WisdomTree, and Circle, Taurus is also leveraging Stellar's platform for asset tokenization.

In particular, the collaboration between the Stellar Development Foundation and SheFi aims to strengthen women's participation in the blockchain industry. The partnership seeks to enhance the representation of women in the Stellar Developer community and foster a more diversified and inclusive environment.