Market stats
-4.17%
50% of total supply
Jump start your portfolio with free crypto after you sign up. Terms apply.
Stellar’s cryptocurrency, the Stellar Lumen (XLM), powers the Stellar payment network. Stellar aims to connect the world’s financial system, enabling businesses and developers to take advantage of the network’s fast speeds, low transaction costs, and interoperability.
Resources
Stellar’s cryptocurrency, the Stellar Lumen (XLM), powers the Stellar payment network. As a cross-border transfer and payment system that connects financial entities, Stellar aims to unite the world’s financial infrastructure, connecting banks, payment systems, and individuals with near-instant and secure transfers.
If the Internet connected the world’s computers to enable the free global flow of information, Stellar aims to do the same for money. To accomplish this vision while maintaining neutrality, Stellar is not set up as a bank or a business. Instead it’s a decentralized, open network that is supported by a nonprofit foundation called the Stellar Development Foundation (or SDF, for short).
XLM (or Lumens) fuels activity on the Stellar network — a system designed to help payments (and currencies) cross borders faster and cheaper than with traditional financial-system networks.
For example, a bank in Japan might use Stellar to send money to a bank in Mexico. Stellar would automatically convert yen to XLM, send the payment via blockchain, and reconvert XLM to pesos at the current exchange rate.
Stellar was intended to work alongside existing assets and cryptocurrencies, allowing users to create digital representations of any asset as a Stellar token. These can then be used to transact on the blockchain, and can be redeemed at any time for the base asset. As an example, a stablecoin pegged to the U.S. dollar, such as USDC, is issued on the Stellar network.
As a decentralized financial network, no single entity can process transactions or stop someone from onboarding or offboarding into Stellar, and the network can still run successfully even if some servers are turned off or fail.
Unlike many popular cryptocurrencies, XLM cannot be mined or staked to receive rewards and increase the asset’s supply. While Stellar works like technologies like Bitcoin, its key distinguishing feature is its consensus protocol. The present-day Stellar is a result of a 2014 fork that created the Stellar Consensus Protocol (SCP) following which Stellar became an open-source system. Under this protocol, the transaction authentication process is confined to a select set of trustworthy nodes rather than being left open to the whole network of nodes.
Instead of being mined by “proof of work,” Stellar is secured by a unique blockchain mechanism called the Stellar Consensus Protocol (SCP).
You can buy, sell, send, and receive XLM by creating an account on Coinbase — or a number of other financial technology companies. Coinbase Wallet is another option for storing, sending and receiving XLM.
Released: July 2014
The price of Stellar Lumens has fallen by 9.35% in the past 7 days. The price declined by 7.23% in the last 24 hours. In just the past hour, the price shrunk by 1.52%. The current price is $0.12623 per XLM. Stellar Lumens is 86.57% below the all time high of $0.94.
The current circulating supply is 24,853,757,518.584 XLM.
Stellar Lumens was mentioned in 955 out of 1,704,229 social media posts on Twitter and Reddit on May 22, 2022. 829 unique individuals are talking about Stellar Lumens and it is ranked #141 in most mentions and activity from collected posts.
Powered by LunarCrush
The fund is a branch of SDF's Enterprise Fund. It plans to match investments up to $500,000 from the lead funding source. The post Stellar Development Foundation debuts $30 million matching fund appeared first on The Block.
The integration of USDC into the Tribal ecosystem is intended to provide small- and medium-sized businesses with cheaper and easier access to capital.
San Francisco-based startup Tribal Credit is working with Latin American exchange Bitso and the Stellar Development Foundation to launch a new cross-border payment system for businesses in Mexico and the U.S. The post Tribal Credit, Bitso and Stellar Development Foundation unveil cross-border payment tool in Mexico appeared first on The Block.
Firm looks to offer “proof of concept” for how DeFi can transform financial services. The post WisdomTree Plans to Launch More Crypto Offerings in 2022 appeared first on Blockworks.
Along with the milestone for Grayscale funds AUM, the firm passes SPDR Gold Shares (GLD), the world’s largest gold ETF. The post Grayscale’s Total Assets Under Management Hits $60B appeared first on Blockworks.
Coinbase Bytes
The week’s must-know crypto news, sent right to your inbox
A selection of cryptocurrencies in the top 50 by market cap.
Of all the assets on Coinbase, these 8 are the closest to Stellar Lumens in market cap.
Learn how we collect your information by visiting our Privacy Policy.
