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    $0.339

    -0.99%

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    Frequently Asked Questions

    • Key Use Cases of Stellar

      Stellar is a versatile blockchain platform that supports a wide range of applications. Here are some of the most notable use cases:

      1. Cross-Border Payments

      • Remittances: Stellar enables fast and affordable international money transfers, making it ideal for remittances and other cross-border financial transactions.
      • Peer-to-Peer Payments: Users can send money directly to each other across borders without the need for intermediaries.
      • Payroll Services: Companies can use Stellar for global payroll disbursements, ensuring timely and cost-effective payments.

      2. On and Off Ramps

      • Cash to Digital: Stellar provides a simplified way for users to move cash onto digital platforms, connecting traditional payment methods to the Stellar network.
      • Integration: A single integration connects applications to Stellar’s global network of on and off-ramps, facilitating seamless transitions between cash and digital payments.

      3. Asset Tokenization

      • Real World Assets: Stellar allows for the creation, issuance, and management of digital tokens representing real-world assets like fiat currencies, commodities, and real estate.
      • Stablecoins: Organizations can issue stablecoins pegged to stable assets like the U.S. dollar, reducing volatility in cross-border transactions.

      4. Microtransactions

      • Low Fees: Stellar’s low transaction fees make it suitable for microtransactions, enabling content creators to receive small payments for digital content.
      • Efficient Trading: Users can trade tokenized assets efficiently, including fractional ownership of assets like real estate.

      5. Aid Distribution

      • Humanitarian Efforts: Stellar’s Aid Assist platform facilitates fast and secure transfers of aid, helping organizations like the UNHCR and IRC disburse funds to refugees and other recipients.
      • Flexible Disbursements: Recipients can choose to hold stablecoins or convert them to cash using MoneyGram agents, providing flexibility in aid distribution.

      6. Decentralized Finance (DeFi)

      • Open-Source: Stellar’s open-source nature supports the development of decentralized applications (dApps) for lending, borrowing, and trading services.
      • Accessibility: Stellar’s DeFi platforms offer lower entry barriers compared to those on Ethereum, making them more accessible to a broader audience.
      Last Updated: 11/26/2024 13:41 UTC
    • Pros of Stellar

      • Fast and Low-Cost Transactions: Stellar offers fast transaction processing times, typically within 2-5 seconds, and very low transaction fees, making it ideal for cross-border payments and micropayments.
      • Decentralized Network: Stellar operates on a decentralized network, ensuring that no central authority can control or manipulate transactions.
      • Versatile Platform: Stellar allows for the creation and management of custom tokens, making it a versatile platform for asset tokenization and various financial applications.
      • Financial Inclusion: Stellar aims to provide financial services to the unbanked and those with limited access to traditional financial systems, promoting financial inclusion.
      • Multi-Signature Security: Stellar offers multi-signature security, enhancing the security of transactions.

      Cons of Stellar

      • Limited Adoption: Stellar has limited adoption compared to other blockchain technologies, which can impact its widespread use.
      • Lack of Privacy: Stellar transactions lack privacy, as all transactions are recorded on a public ledger.
      • Reliance on Stellar Development Foundation: The development and updates of Stellar are heavily reliant on the Stellar Development Foundation, which can be a drawback.
      • Slow Platform Development: The development of the Stellar platform has been slow compared to other blockchain projects.
      • Competition: Stellar faces competition from other major blockchains like Ethereum and Ripple, which can challenge its market position.
      Last Updated: 11/26/2024 13:42 UTC
    • Founders of Stellar

      The founders of Stellar are:

      • Jed McCaleb: He is also the founder of Mt. Gox and co-founder of Ripple. McCaleb left Ripple in 2013 to create Stellar.
      • Joyce Kim: A former lawyer who co-founded Stellar with Jed McCaleb in 2014.

      Key Figures in Stellar Development

      • David Mazieres: Creator of the Stellar Consensus Protocol (SCP).
      • Denelle Dixon: Executive Director and CEO of the Stellar Development Foundation (SDF).
      • Patrick Collison: Stripe CEO who collaborated in the creation of the Stellar Development Foundation and provided $3 million in seed funding.
      Last Updated: 11/26/2024 13:42 UTC
    • Investors in Stellar

      Stellar has received investments from various organizations and individuals. Key investors include:

      • Stripe: Provided $3 million in seed funding to Stellar in 2014. In return, Stripe received 2% of the initial stellar tokens, equivalent to 2 billion stellars.
      • Other Notable Investors: While specific details about individual investors are not provided in the available sources, it is known that Stellar has been supported by various organizations and partnerships over the years, including IBM, Deloitte, and Franklin Templeton.

      Partnerships and Collaborations

      Stellar has also collaborated with several companies and organizations to expand its network and utility. These include:

      • IBM: Partnered with Stellar to facilitate cross-border transactions in the South Pacific region.
      • Deloitte: Integrated Stellar into its banking platform to build a cross-border payments application.
      • Franklin Templeton: Launched the first “tokenised” US mutual fund using Stellar in 2021.

      Stellar Development Foundation

      The Stellar Development Foundation (SDF) plays a crucial role in supporting and expanding the Stellar ecosystem. The SDF invests in companies that are transforming financial services through Web3 innovation, with a focus on amplifying the utility and impact of the Stellar network.

      Last Updated: 11/26/2024 13:42 UTC
    • Is Stellar Halal?

      Yes

      Stellar is considered halal because it received Shariah-compliant certification from the Shariyah Review Bureau, an Islamic advising agency accredited by Bahrain’s central bank. This certification ensures that Stellar's operations and financial practices align with Islamic principles, making it permissible for Muslim investors.

      Last Updated: 11/26/2024 13:43 UTC

    Description

    #15

    Stellar is a blockchain network that enables fast and low-cost cross-border payments and digital asset exchanges. It uses its native cryptocurrency, XLM or Lumens, as a bridge currency and to pay for transaction fees.

    Sector:
    Blockchain:

    Market Data

    Rank: 15
    Volume: 170M
    Marketcap: 10B
    Fully Diluted Value: 17B
    Circulating Supply: 61%
    17M 806K/894K
    15M 954K/1.4M
    9.5M 194K/242K
    5.8M 48K/75K
    4.1M 501K/496K
    3.7M 43K/58K
    3.4M 391K/489K
    2.8M 1M/1.3M
    2M 334K/405K
    1.3M 2.7M/3.7M
    1M 252K/225K
    617K 333K/1.1M
    578K 534K/614K
    569K 71K/49K
    454K 53K/81K
    367K 21K/35K
    213K 55K/74K
    156K 233K/318K
    152K 52K/61K
    132K 7.6K/18K
    94K 10K/55K
    74K 24K/38K
    55K 13K/13K
    38K 9.9K/4.2K