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$XLM XLM Coin, also known as Stellar Lumens, serves several purposes in the Stellar network. Its primary functions include .
* Facilitating Cross-Border Payments : XLM enables fast, low-cost transactions across borders, making it an attractive option for individuals and businesses. Transactions are processed in under 5 seconds with minimal fees, typically 0.00001 XLM.
* Asset Transfer : XLM can be anchored to other assets like fiat currencies or commodities, allowing seamless transfers. This feature supports various use cases, including remittances and asset digitization.
* Decentralized Finance (DeFi) : XLM can be used to build DeFi applications, such as stablecoins, lending protocols, and decentralized exchanges.
* Payment of Transaction Fees : XLM is used to pay fees on the Stellar network, ensuring its security and efficiency.
* Meeting Minimum Balance Requirements : Every account on Stellar must maintain a minimum balance of 1 XLM to remain active and participate in the ecosystem .
* Bridge Currency : XLM acts as a bridge between traditional and digital assets, enabling users to transact with different assets seamlessly.
XLM Coin plays a vital role in the Stellar network, providing a fast, secure, and scalable solution for various financial applications .
$XLM XLM Coin, also known as Stellar Lumens, serves several purposes in the Stellar network. Its primary functions include .
* Facilitating Cross-Border Payments : XLM enables fast, low-cost transactions across borders, making it an attractive option for individuals and businesses. Transactions are processed in under 5 seconds with minimal fees, typically 0.00001 XLM.
* Asset Transfer : XLM can be anchored to other assets like fiat currencies or commodities, allowing seamless transfers. This feature supports various use cases, including remittances and asset digitization.
* Decentralized Finance (DeFi) : XLM can be used to build DeFi applications, such as stablecoins, lending protocols, and decentralized exchanges.
* Payment of Transaction Fees : XLM is used to pay fees on the Stellar network, ensuring its security and efficiency.
* Meeting Minimum Balance Requirements : Every account on Stellar must maintain a minimum balance of 1 XLM to remain active and participate in the ecosystem .
* Bridge Currency : XLM acts as a bridge between traditional and digital assets, enabling users to transact with different assets seamlessly.
XLM Coin plays a vital role in the Stellar network, providing a fast, secure, and scalable solution for various financial applications .
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XLM
0.2462
+4.10%