Stellar (XLM)
Loading...
Loading...
About XLM
Stellar (XLM) is a decentralized, open-source blockchain platform focused on facilitating fast and low-cost cross-border payments. Launched by the Stellar Development Foundation, Stellar’s primary aim is to connect financial institutions, payment providers, and individuals, allowing them to send money globally with minimal fees. XLM, the native token of the Stellar network, is used for transaction fees and acts as a bridge currency in cross-asset transfers. Stellar’s consensus protocol ensures quick transaction confirmation times, making it ideal for payments and remittances. For live XLM prices, historical data, and market insights, visit our Stellar Markets page to stay informed on Stellar’s impact in the blockchain and financial technology sectors.
Convert Fiat to Stellar
News
Lightning Updates to Taproot Assets v0.6, Evolving Into a Multi-Asset Network Focusing on Stablecoins
Lightning Labs has announced the release of Taproot Assets v0.6, marking an advancement as the first multi-asset Lightning protocol on the Bitcoin mainnet. This update allows for the minting of assets, such as stablecoins, which can be sent instantly via…
Massive Data Leak Exposes Password Problem — Is a Radical Fix Coming?
The recent data breach compromising 16 billion login credentials has raised questions about the relevance of passwords. Some experts argue it's time to abandon reliance on centralized databases and embrace a privacy-first mindset that leverages decentralization. Call For Shift to…
BRICS Trade Surpasses $1 Trillion as Putin Highlights Global Role
BRICS nations have broken the $1 trillion trade barrier as Russian President Vladimir Putin emphasized their expanding influence and ambitious projects reshaping global development. With trade volumes exceeding $1 trillion, BRICS members are intensifying collaboration across vital sectors such as…
Top Regulators Forge US-UK Alliance to Oversee Digital Assets
U.S. and U.K. regulators are accelerating unified oversight of digital assets, stablecoins, AI in finance, and cross-border innovation, reshaping global markets and fortifying financial stability. US-UK Power Bloc Moves Aggressively on Digital Assets and Global Financial Stability The U.S. Department…
Korean Central Bank Advocates Measured Stablecoin Approach
South Korea's central bank is advocating for a phased introduction of won-denominated stablecoins, initially prioritizing regulated commercial banks for their issuance. Stablecoins Could Significantly Influence Korean Monetary Policy South Korea's central bank is advocating for a phased introduction of won-denominated…
Frequently Asked Questions about Stellar
What is Stellar (XLM)?
Stellar (XLM) is an open-source blockchain platform designed for fast, low-cost cross-border payments. Its primary focus is to connect financial institutions, payment providers, and individuals for efficient global transactions.
How does Stellar support cross-border payments?
Stellar enables quick and affordable cross-border transactions by using XLM as a bridge currency and its consensus protocol for rapid transaction finality, making it ideal for remittances and international payments.
What are the main uses of XLM in the Stellar network?
XLM is used to pay for transaction fees and serves as a bridge currency for cross-asset transfers, facilitating efficient and low-cost exchanges on the Stellar network.
How can I store Stellar securely?
You can store Stellar (XLM) in hardware wallets like Ledger or in dedicated Stellar wallets such as Lobstr and Exodus, which provide secure and user-friendly storage options.
What makes Stellar unique among blockchain networks?
Stellar focuses on connecting traditional financial systems with blockchain technology to enable global transactions at low fees, targeting financial inclusion through efficient cross-border payments.
Is Stellar a good investment?
Stellar’s unique position in cross-border payments and its mission for financial inclusion have drawn attention. Investment in XLM should be based on research and an understanding of market conditions and project fundamentals.
Can Stellar be used for issuing digital assets?
Yes, Stellar allows organizations to issue digital assets on its blockchain, making it a flexible platform for creating tokens, stablecoins, and other digital representations of assets.