stellar Stellar (XLM)

-5.22% (24H)
Market CapVolumeAvailable Supply
$14.38 B$3.14 B22.87 B XLM

Stellar current price is $0.629 with a marketcap of $14.38 B. Its price is -5.22% down in last 24 hours.

The Stellar network is an open source, distributed, and community owned network used to facilitate cross-asset transfers of value. Stellar aims to help facilitate cross-asset transfer of value at a fraction of a penny while aiming to be an open financial system that gives people of all income levels access to low-cost financial services. Stellar can handle exchanges between fiat-based currencies and between cryptocurrencies., the organization that supports Stellar, is centralized like XRP and meant to handle cross platform transactions and micro transactions like XRP. However, unlike Ripple, is non-profit and their platform itself is open source and decentralized. Stellar was founded by Jed McCaleb in 2014. Jed McCaleb is also the founder of Mt. Gox and co-founder of Ripple, launched the network system Stellar with former lawyer Joyce Kim. Stellar is also a payment technology that aims to connect financial institutions and drastically reduce the cost and time required for cross-border transfers. In fact, both payment networks used the same protocol initially. Distributed Exchange Through the use of its intermediary currency Lumens (XLM), a user can send any currency that they own to anyone else in a different currency. For instance, if Joe wanted to send USD to Mary using her EUR, an offer is submitted to the distributed exchange selling USD for EUR. This submitted offer forms is known as an order book. The network will use the order book to find the best exchange rate for the transaction in-order to minimize the fee paid by a user. This multi-currency transaction is possible because of "Anchors". Anchors are trusted entities that hold people’s deposits and can issue credit. In essence, Anchors serves as the bridge between different currencies and the Stellar network. Lumens (XLM) Lumens are the native asset (digital currency) that exist on the Stellar network that helps to facilitate multi-currency transactions and prevent spams. For multi-currency transactions, XLM is the digital intermediary that allows for such a transaction to occur at a low cost. In-order to prevent DoS attacks (aka spams) that would inevitably occur on the Stellar network, a small fee of 0.00001 XLM is associated with every transaction that occurs on the network. This fee is small enough so it does not significantly affect the cost of transaction, but large enough so it dissuades bad actors from spamming the network. The collected fee is then redistributed and added to an inflation pool. This inflation pool releases Lumens at a rate of 1% each year.
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10 Stellar (XLM)

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Tune in to @ParisFinForum on Thursday, where @DenelleDixon will join a panel on how 'Digital Assets are Going Mainstream'.

Learn more and see the full agenda at

If you're wondering what we've been up to since the start of the year, we covered all the highlights this morning in our quarterly call — including unveiling a new case study video of @dstoq. Check out the recording and read the full Q1 2021 report on our blog.


Couldn't make it to our Quarterly Review? Catch up on Q1 2021 highlights, discussion, and Q&A over at our blog recap! You'll also be able to access the recording of the call and our quarterly report:

Couldn't make it to our Quarterly Review? Catch up on Q1 2021 highlights, discussion, and Q&A over at our blog recap! You'll also be able to access the recording of the call and our quarterly report:

We're thrilled to share our brand new case study on @DSTOQ!

@CraigDSTOQ (CEO, DSTOQ) explains how DSTOQ is bringing affordable and accessible cross-border investing to the markets that need it the most, all on Stellar.

📣 10 minutes to start "The Future of Finance: Digital Assets and Beyond"

🎯 We'd love to hear about your experience
👉 Reach out to us on Twitter and LinkedIn, use the hashtag #EBCvirtual to join in on the conversation!


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