Spectra Finance Launches Fixed-Term Markets for deJTRSY on Stellar
Stellar (XLM)
Editor:
Eugene Serbin
cryptobriefing.com reports that Spectra Finance has launched fixed-term markets for the deJTRSY token on the Stellar network. The deJTRSY token represents a tokenized version of the Janus Henderson treasury fund, issued through the Centrifuge protocol. Spectra splits this yield-bearing asset into two tradeable components: Principal Tokens and Yield Tokens.
Buyers of Principal Tokens pay a discount to receive full principal value at expiration, similar to zero-coupon bonds. Holders of Yield Tokens gain exposure to variable yield, benefiting if yields spike but absorbing downside if they compress. The trading infrastructure utilizes an order book rather than an automated market maker to aid price discovery.
This move marks a departure for Spectra, formerly APWine, from its Ethereum Virtual Machine roots to a non-EVM network. Certora completed an audit of the cross-chain components on May 18, 2026. GamiLabs seeded the initial markets to provide early liquidity. The Stellar ecosystem is positioning itself as a destination for tokenized real-world assets.
How the market reacted
Whalio's own Binance spot order flow for XLM, measured when this story was written up on 28 September 2026. Not the outlet's figures.
Whalio data shows XLM trading at $0.2158 with a 1-hour buy ratio of 54.1% and a 4-hour buy ratio of 51.7%. These short-term figures exceed the 24-hour buy ratio of 48.7%, indicating that buying pressure is building in the immediate term. The 1-hour volume delta is positive at +$219,290, while the 4-hour delta is +$888,279, contrasting with a negative 24-hour delta of -$423,302. A positive volume delta means buyers are aggressively taking the ask, while the buy ratio shows the percentage of trades executed on the buy side. The 24-hour cumulative volume delta closed at +$999,356, with net buying occurring in 16 of the last 24 hours. Total spot volume over the day reached $16,351,085 across 70,680 trades.
The latest daily buy ratio of 49.1% sits at the 31st percentile of the last 323 days, against a median of 50.7% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for XLM, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.7%, making the current 24-hour ratio of 48.7% slightly below the weekly norm by 2.0 points. Volume for the latest day was 0.50x the weekly average, indicating a quieter trading session than usual. The coin saw a price change of +9.4% over eight days, with a total volume delta of +$2,790,811. Net buying occurred on 4 of the 7 days in the preceding period. This suggests that while the recent short-term flow is bullish, the daily volume remains subdued compared to the weekly average.