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. 

Flutterwave is teaming up Tempo Payments to use USDC on Stellar to target Africa’s enormous remittances market.
Stellar partners tap USDC for remittances between Europe and Africa
Martin Young
The partnership will enable MoneyGram customers to fund and withdraw from their accounts using the USDC stablecoin at physical branches.
MoneyGram launches USDC settlement using the Stellar blockchain
Inigo Vaca
Anclap expects to launch two more Stellar-based stablecoins for Chile and Colombia later this year.
Peruvian stablecoin launches on Stellar blockchain
Helen Partz
Market Analysis
Smart contract capabilities are rendering old-school megalithic crypto projects obsolete as blockchains evolve beyond just being a medium of exchange.
Evolve or die: How smart contracts are shifting the crypto sector’s balance of power
Jordan Finneseth
Altcoin Watch
Bitcoin’s steady climb toward new highs is bringing about the usual breakout from legacy altcoins like LTC, BCH and XLM.
$52K Bitcoin price triggers rally in large caps like Litecoin, Stellar and Bitcoin Cash
Jordan Finneseth
Demand for institutional-grade blockchain solutions is on the rise as banks and traditional financial institutions look to invest in cryptocurrencies.
Blockchain security company GK8 announces custody partnership with Stellar
Sam Bourgi
Market Analysis
Data from Delphi Digital shows holding BTC and ETH was more profitable than investing in weighted average market cap crypto and DeFi index funds.
Just HODL! Bitcoin and Ethereum outperform ‘lower risk’ crypto index funds
Jordan Finneseth
Airtm is aiming to solve a myriad of financial challenges in Latin America tied to last-mile remittance, affordability and equitable access to the global bankin...
Stellar Development Foundation invests $15M in Mexico crypto exchange
Sam Bourgi

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