One new project attempts to help bankless Ukrainian refugees, while another hopes to streamline international Red Cross projects.
Stellar is a blockchain-based payments network that aims to provide a global, efficient system for digital asset issuance and exchange for individuals and institutions. Its native cryptocurrency is Stellar Lumens (XLM), which is used to pay transaction fees on the network to combat spam and also functions as the bridge currency that provides liquidity to any asset issued on the network by trusted entities called “anchors.”
Originally a fork of the Ripple protocol, Stellar was founded by Jed McCaleb and Joyce Kim in 2014 following internal conflicts in Ripple’s management. The Stellar Development Foundation, initially aided and funded by Stripe CEO Patrick Collison, is dedicated to building and promoting the Stellar network as a more accessible, low-cost system of financial services.
A notable design difference from other blockchains is the Stellar Consensus Protocol, which was introduced in 2015. This system foregoes proof-of-work consensus for a federated system that uses mutual trust among groups of peers, or “quorums,” and scales this trust across the network to achieve consensus.
Another major financial institution has signaled its intent to offer Bitcoin and Ether services to its clients.6382
The Soroban Adoption Fund incentivizes developers to begin building products and tools on the new smart contract platform.3511
Beyond the Octagon, Guido Cannetti fights Argentina’s 78% inflation rate with USDC stablecoin.2315
Although Bitcoin is struggling to form a bottom, altcoins are on a roll and the current price action could benefit UNI, XLM, THETA and HNT.9567
Mixing conspiracy theories, a distrust for traditional institutions and hopium in crypto, two influencers are alleged to have made millions using pump-and-dump schemes.7630
The payment service, which is powered by the Stellar blockchain, will enable USDC settlement with MoneyGram in “near-real-time.”6278
BTC appears to be in the early stage of a recovery this week, and ADA, XLM, XMR and MANA could follow.13932
Declining demand for Tether, negative futures premiums for altcoins and the lack of inflow to the crypto sector are all signs that a rocky road is ahead.5536
ADA, MATIC and XLM appear well positioned for a bullish breakout once BTC flips the $32,000 to $35,000 zone to support.31176
BTC, ETH and altcoins spent most of May trading in the red. So, what’s behind XCN’s near-month-long 100%+ rally?2991
MoneyGram CEO Alex Holmes said the international remittances stalwart wants to be a bridge between the crypto and fiat worlds.9504
Cryptocurrency companies unite to create use cases for Brazil’s CBDC with central bank approval.4443
Soramitsu CEO Makoto Takemiya described blockchain companies as the “barbarians at the gate,” storming the World Economic Forum 2022.2560
The company is pushing new use cases for blockchain payments through its partnerships with Bitso and Stellar Development Foundation.5277