Stellar

Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked — but soon afterwards, its priorities shifted to helping financial firms connect with one another through blockchain technology. The network’s native token, lumens, serves as a bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge high fees for a similar service.

The Stellar project was launched in 2014 by Ripple co-founder Jed McCaleb and his partner Joyce Kim. McCaleb left Ripple in 2013 due to disagreements about the project’s vision with fellow co-founders.

Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked—but its priorities shifted to helping financial firms connect with one another through blockchain technology. 

The network's native token, lumens, serves as a bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge high fees for a similar service.

There are about 50 billion lumens in existence. No more lumens will be created. There are currently about 20 billion lumens circulating in the open market

The Stellar Development Foundation, which is a non-profit organization that supports adoption of the Stellar Lumens payment network, was created in collaboration with Stripe CEO Patrick Collison. Stripe received 2 billion lumens in return for a $3 million seed investment. 

The Stellar Development Foundation designed a payment app that leverages stablecoins for fast and cheap transfer and is user-friendly for trauma and disaster victims. That's why Stellar Aid Assist is one of CoinDesk's Projects to Watch 2023.

In the Ukraine War, Stellar Aid Assist Is Using Crypto to Give Mass Aid

Polkadot

Cryptocurrency payments specialist Stellar is linking to Polkadot and its sister network Kusama via the newly built Spacewalk bridge, a move that will connect the two blockchain ecosystems with Stellar's fiat on-ramps around the world.

Crypto Payments Specialist Stellar Bridges Fiat and Stablecoins to Polkadot

The firm behind XRP competitor Stellar (XLM) will represent the digital asset industry in the Commodity Futures Trading Commission's (CFTC) relaunched Global Market Advisory Committee (GMAC). In a new company blog post, the Stellar Development Foundation says it will be one of four crypto-related firms to join the committee alongside representatives of traditional finance.

Foundation Behind XRP Rival Stellar (XLM) Tapped for Position on New CFTC Advisory Committee

The Stellar Development Foundation was revealed to be among the bankrupt crypto lending desk's largest creditors.

Stellar Foundation Nicked By Genesis Bankruptcy With $13M Claim

XRP‘s most prominent rival is rallying this week as a Ukrainian banking giant announces the results of using its blockchain in a new digital currency system pilot program. Stellar (XLM) is a multi-currency transaction network for storying and moving money across the blockchain. XLM, the Lumen, is the native cryptocurrency of the Stellar network.

XRP Rival Stellar (XLM) Turns Green as Commercial Bank Runs Pilot Program for New Digital Currency System

XRP rival Stellar (XLM) is reporting a healthy 172% increase in payments in 2022 in addition to other positive numbers. According to a new blog post by Stellar founder and CEO Denelle Dixon, the global payments platform has been posting “astronomical” numbers in 2022 despite an ongoing crypto winter.

XRP Rival Stellar (XLM) Reports 172% Increase in Payments, Other Positive Numbers in 2022 Report

UNHCR, the UN Refugee Agency, announced recently it was working with the Stellar Development Foundation (SDF), the creator of the Stellar (CRYPTO: XLM) blockchain network, to launch a first-of-its-kind blockchain-based payment distribution solution for bringing funds to displaced people within Ukraine. “Ukraine is a global leader in the development of technical solutions to increase access to social protection, including assistance for displaced people.

UN, Stellar Development Foundation Now Collaborating To Distribute Crypto To Help Displaced People In Ukraine

A leading analytics firm says that a trio of altcoins including Polkadot (DOT) is flashing a bullish signal as traders turn extremely bearish on crypto. Santiment reveals that traders are betting heavily on the sustained plummet of interoperability protocol Polkadot, payments network Stellar (XLM) and privacy-focused altcoin Monero (XMR).

Polkadot and Two Additional Altcoins Flashing Bullish Signal As Trader Sentiment Hints at Bottom: Analytics Firm

Bitcoin Cash

Ethereum Classic

Top US crypto exchange Coinbase says it will end support for crypto assets with low usage on its self-custody digital wallet. According to Coinbase Wallet, it will pull out the plug for XRP, Stellar (XLM), Bitcoin Cash (BCH) and Ethereum Classic (ETC) by next year.

Coinbase Wallet Drops Support for XRP, Stellar (XLM), Bitcoin Cash (BCH) and Ethereum Classic (ETC)

Starting Dec. 5, Coinbase (NASDAQ: COIN) will no longer support major tokens including Bitcoin Cash (CRYPTO: BCH), Ripple (CRYPTO: XRP), Ethereum Classic (CRYPTO: ERC) and Stellar Lumen (CRYPTO: XLM), among others. What Happened: According to Coinbase, "low usage" is the reason it decided to stop the support of the four tokens.

Bitcoin Cash, Ethereum Classic, 2 Other Cryptos Lose Coinbase Wallet Support: What You Should Know

The top U.S. cryptocurrency exchange's wallet will no longer support BCH, ETC, XLM and XRP due to "low usage."

Coinbase Wallet Drops Bitcoin Cash, Ethereum Classic, Stellar Lumens and XRP

The company took note of \"low usage\" as its reason for no longer supporting those tokens.

Coinbase Wallet Quietly Delists Bitcoin Cash, Ethereum Classic, Ripple's XRP and Stellar's XLM

Cardano

Algorand

First of all, what is ISO 20022? ISO 20022 is an ISO standard for electronic data interchange among financial institutions.

These 7 Cryptocurrencies Are ISO 20022 Compliant - Are They The Future Of Payments?

Ether

The trader who accurately called this year's crypto market collapse is laying out what digital assets he is currently bullish on amid the ongoing bear market. The pseudonymous trader known as Capo tells his 554,700 Twitter followers that he's long on leading smart contract platform Ethereum (ETH) and XRP rival Stellar Lumens (XLM).

Trader Who Called 2022 Crypto Crash Turns Bullish on Ethereum, Stellar and Three Low-Cap Altcoins

Bitcoin

Litecoin

The pseudonymous crypto trader who nailed Bitcoin's collapse this year is forecasting brief rallies for BTC, Stellar (XLM) and Litecoin (LTC) prior to the resumption of their downtrend.

Analyst Known for Calling 2022 Crypto Market Crash Predicts Fakeout Rallies for Bitcoin, Stellar and Litecoin

ApeCoin

Apecoin was up by over 13% on Tuesday, despite bearish sentiment remaining largely present in cryptocurrency markets. The token stayed close to a one-month high in today's session, despite current market turbulence. Stellar was also in the green, nearing a four-week peak.

Biggest Movers: APE, XLM Move Close to 1-Month Highs

Zcash

ZEC, ZEN and XLM “may currently be a security, based on the facts as they exist today,” Grayscale said in recent, little-noticed filings.

SEC Questions Grayscale's Legal Stance on Stellar, Zcash and Horizen Crypto Trusts

Dogecoin

Chainlink

Polygon

Individuals can purchase bitcoin, ethereum, litecoin, dogecoin, chainlink and polygon from Coinme-powered Coinstar machines. The post Crypto exchange Coinme adds ETH and five other cryptocurrencies to its crypto kiosks  appeared first on The Block.

Crypto exchange Coinme adds ETH and five other cryptocurrencies to its crypto kiosks 

Chainlink, Dogecoin, Ethereum, Litecoin, Lumens and Polygon Now Available for Purchase at Coinme-Enabled Coinstar Kiosks With Cash; Token of the Week Sweepstakes Gives Chance to Win Up to $5.5K in Crypto Weekly SEATTLE , Aug. 24, 2022 /PRNewswire/ -- Coinme ®, a leading cryptocurrency cash exchange in the U.S., today announced the availability of cash onramps to six additional cryptos that are live on Coinme-enabled Coinstar® kiosks in the U.S. Chainlink, Dogecoin, Ethereum, Litecoin, Lumens and Polygon are now available to purchase instantly using cash at Coinme-enabled Coinstar kiosks nationwide. The introduction of multicoin listings on over 10,000 Coinme-enabled Coinstar kiosks designates Coinme as a leading national cash gateway to digital currencies.

Coinme Goes Beyond Bitcoin, Offers Six Additional Cryptos to Buy Instantly With Cash

“People are attracted to different coins for different reasons, whether that's a store of value or a medium of exchange,” said Coinme CEO Neil Bergquist.

Coinme Brings DOGE, ETH, MATIC and More to Grocery Crypto Kiosks

Avalanche

Retail trading giant Robinhood just announced that it now supports Ethereum challenger Avalanche (AVAX) and XRP rival Stellar (XLM) as the two altcoins enjoy rallies this month.  In an announcement via Twitter, the retail trading giant says that AVAX and XLM are now live on the Robinhood platform.

Robinhood Abruptly Adds Support for Ethereum Rival Avalanche (AVAX) and XRP Competitor Stellar (XLM)

Popular retail brokerage Robinhood Markets Inc (NASDAQ: HOOD) has added support for two new crypto assets on its platform.  What Happened: Robinhood-listed Avalanche (CRYPTO: AVAX) and Stellar (CRYPTO: XLM) on its trading platform, briefly sending both tokens rallying on Monday.

Robinhood Lists Avalanche (AVAX) And Stellar (XLM) Crypto Tokens

Retail investing app Robinhood announces the addition of two more cryptocurrencies, bringing the total number on the platform to 15. The post Avalanche and Stellar Lumens tick upwards as they land on Robinhood appeared first on The Block.

Avalanche and Stellar Lumens tick upwards as they land on Robinhood

Ripple challenger Stellar (XLM) is teaming up with money transferring service MoneyGram to launch a new global crypto-to-cash protocol featuring stablecoin USD Coin (USDC). According to a recent press release, the duo plans to create a system that will act as a bridge between fiat money and cryptocurrencies to make remittances easier, enhancing the overall […] The post Ripple Competitor and MoneyGram Roll Out Zero-Fee Money Transfer Service Using USDC Stablecoin appeared first on The Daily Hodl.

Ripple Competitor and MoneyGram Roll Out Zero-Fee Money Transfer Service Using USDC Stablecoin

WAVES was once again higher on Friday, with prices now gaining by over 120% in the last seven days. While WAVES soared, XLM also had a stellar showing, as it moved closer to a three-week high on Friday. WAVES While crypto markets have been either falling or consolidating over the past week, WAVES has continued […]

News for Stellar Crypto (XLM)