Stellar’s €GOVY Launch Expands Tokenization as XLM Price Eyes Breakout

Stellar is gaining traction following the unveiling by Archax of the euro variant of its perpetual tokenized government bills product called €GOVY on the Stellar platform during the Meridian 2026 conference. The XLM price is currently trading close to $0.1715, and the four-hour timeframe chart shows that the token has formed a falling wedge structure as highlighted by crypto analyst Crypto With Gopal. The token may be driven to either break through support at $0.165 or above the range of $0.180 and $0.190. ARCHAX launched the €GOVY product at Meridian 2026, introducing euro exposure to their tokenized government bills.