$XLM
Paxos announced that it will integrate with the Stellar network and plans to introduce assets to the Stellar network by the end of 2024. Stellar is an open source blockchain for payments and remittances, and this move by Paxos will further promote the adoption of regulated institutional stablecoins. Through cooperation with the Stellar Development Foundation, Paxos will expand its assets to the Stellar network, which will help increase the adoption of the Stellar network and provide Paxos with more payment and remittance application scenarios. This integration may bring a series of technical challenges, including ensuring the secure transfer of assets between the two networks, maintaining network stability, and ensuring regulatory compliance. In addition, the Stellar network recently upgraded to Protocol 21, introducing five new core improvement proposals to improve network efficiency and cost-effectiveness, which provides a more efficient and scalable network environment for the introduction of Paxos assets.