Stellar is a blockchain-based platform designed to facilitate fast, low-cost, and cross-border payments. It was launched in 2014 by Jed McCaleb (co-founder of Ripple) and the Stellar Development Foundation (SDF). The native cryptocurrency of the Stellar network is XLM (Lumens), which serves as a bridge currency for transactions. #CryptoNews
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### **1. What is Stellar?** - Blockchain platform for **fast, low-cost, cross-border payments**. - Native token: **XLM (Lumens)**.
### **2. Key Features** - **Speed**: 1,000–5,000 transactions per second. - **Low Fees**: Fractions of a cent per transaction. - **Energy Efficiency**: Uses Stellar Consensus Protocol (SCP), not PoW/PoS.
### **3. Use Cases** - **Cross-border payments** (e.g., remittances). - **Tokenization** of assets (e.g., stablecoins like USDC). - **Micropayments** and **decentralized exchanges (DEX)**.
### **4. Partnerships** - **MoneyGram**: For global remittances. - **Circle**: USDC stablecoin on Stellar. - **IBM World Wire**: Blockchain-based payment system.
### **5. Competitive Edge** - Focus on **financial inclusion** (unbanked/underbanked). - **Interoperability** with traditional financial systems.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.