Stellar News

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. 

The company is pushing new use cases for blockchain payments through its partnerships with Bitso and Stellar Development Foundation.
Tribal Credit raises $40M in 'hybrid' debt round funded by dollars and stablecoins
Sam Bourgi
Digital assets may enable a better future for its users through its back-end technology and improved products.
Decentralized exchange on Stellar creates a portfolio of easy to use DeFi applications
Sarah Jansen
Follow up
A largely proclaimatory meetup generated a positive response, with the industry appearing ready for a busy new year on the Hill.
Crypto in the House: Execs on the march, US partisan politics and Web3
David Attlee
Ukraine’s Ministry of Digital Transformation supports a Stellar-based private stablecoin project developed by a local bank.
Ukrainian bank uses Stellar to launch electronic hryvnia pilot
Helen Partz
An open-source wallet offers a precious passport into the world of Stellar, making it easy for everyday users to embrace this open network for money.
This open-source wallet is Stellar's answer to MetaMask
Chris Jones
The partnership between Tribal Credit, Bitso and Stellar Development Foundation will rely on crypto to streamline B2B transactions in Latin America.
Tribal Credit taps Bitso and Stellar to enable cross-border B2B payments
Sam Bourgi
The hearing, "Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States," is the latest f...
House committee announces crypto CEOs will testify at Dec. 8 hearing on digital assets
Turner Wright
Leveraging the Stellar network may be part of the secret sauce for tokens to offer asset protection and autostaking.
Token positions itself for security as the only one in the world with force majeure protection backup
Sarah Jansen

Follow us on Facebook