Stellar is $XLM

a blockchain-based payment network designed to make international money transfers fast, cheap, and accessible. It was founded in 2014 by Jed McCaleb (co-founder of Ripple) and Joyce Kim, aiming to connect banks, payment systems, and people across the globe.

$ETH

Its native token, Lumens (XLM), is used to facilitate transactions and maintain network efficiency.

Feature Description

💸 Fast Transactions ~5 seconds for cross-border payments

🧾 Low Fees Fractions of a cent per transaction (0.00001 XLM)

🌐 Multi-Currency Support Can represent and transfer USD, EUR, BTC, etc., as digital tokens

🔐 Built-in Decentralized Exchange (DEX) Users can trade assets on-chain without needing a separate platform

1. Cross-border payments: Especially for remittances to and from developing countries.

2. Tokenizing fiat currencies: Banks and fintechs can issue digital versions of fiat (like digital dollars or euros).

3. Micropayments: Low fees make it ideal for small transactions

4. Stablecoin support: Major stablecoins like USDC are issued on Stellar.

Transaction Bridge: XLM acts as an intermediary currency for converting one asset to another.

Anti-spam: A small amount of XLM is required to create accounts and make transactions (prevents abuse)

Liquidity: Helps facilitate quick currency swaps on the Stellar DEX.

✅ Financial Inclusion: Stellar’s mission is to bring banking services to the unbanked population — especially in Africa, Asia, and Latin America.

✅ Partnered with Big Names: Including IBM, MoneyGram, Circle (USDC), and Flutterwave.

✅ Regulatory Friendly: Designed to work alongside banks and regulators, making it ideal for CBDCs and financial institutions.

XLM is seen as a strong player in the payments and fintech sector of crypto. While it’s not a meme coin or high-risk moonshot, it’s a solid infrastructure project with a clear mission and proven tech.

In 2021, MoneyGram chose Stellar to power its crypto-to-cash and cash-to-crypto remittance network — making it one of the first bridges between stablecoins and local currency cash in over 300,000 locations.