What is the XLM project?
Stellar (XLM) is a decentralized blockchain platform, launched in 2014 by Jed McCaleb and Joyce Kim, focused on facilitating fast and low-cost international transfers. The native cryptocurrency, Lumens (XLM), is used to pay transaction fees on the network and supports the tokenization of assets, such as stablecoins and other financial goods. The Stellar Development Foundation (SDF), a nonprofit organization, oversees the development of the network, which aims to connect global financial systems and promote financial inclusion, especially in regions with limited banking infrastructure.
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