Archax launches €GOVY on Stellar as XLM eyes breakout above $0.180 resistance

Stellar is drawing increased attention after UK-based digital securities exchange Archax announced the launch of its euro-backed tokenized government bills product, €GOVY, on the Stellar blockchain. The development was revealed during the Meridian 2026 conference, introducing a new avenue for institutional euro-denominated exposure to government debt through blockchain technology. As of the latest market data, XLM is trading near $0.1715, with analysts watching for a potential price move based on technical signals. Archax, a regulated trading venue and custodian focused on digital securities, has expanded its suite of tokenized treasury products by introducing €GOVY on the Stellar network. This euro-based offering joins Archax’s existing dollar-denominated $GOVY and sterling-based £GOVY products, allowing eligible institutional buyers to access government debt securities across three major currencies through blockchain tokens.

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