Stellar current price is $0.0840.

  • stellar
    Stellar (XLM)
  • Live Price
    $0.0840
  • 24h %
    1.11%
  • Market Cap
    $1.75 B
  • Volume
    $189.07 M
  • Available Supply
    20.85 B XLM
  • Rank
    17

Stellar current price is $0.0840 with a marketcap of $1.75 B. Its price is 1.11% up in last 24 hours.
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The Stellar network is an open source, distributed, and community owned network used to facilitate cross-asset transfers of value. Stellar aims to help facilitate cross-asset transfer of value at a fraction of a penny while aiming to be an open financial system that gives people of all income levels access to low-cost financial services. Stellar can handle exchanges between fiat-based currencies and between cryptocurrencies. Stellar.org, the organization that supports Stellar, is centralized like XRP and meant to handle cross platform transactions and micro transactions like XRP. However, unlike Ripple, Stellar.org is non-profit and their platform itself is open source and decentralized. Stellar was founded by Jed McCaleb in 2014. Jed McCaleb is also the founder of Mt. Gox and co-founder of Ripple, launched the network system Stellar with former lawyer Joyce Kim. Stellar is also a payment technology that aims to connect financial institutions and drastically reduce the cost and time required for cross-border transfers. In fact, both payment networks used the same protocol initially. Distributed Exchange Through the use of its intermediary currency Lumens (XLM), a user can send any currency that they own to anyone else in a different currency. For instance, if Joe wanted to send USD to Mary using her EUR, an offer is submitted to the distributed exchange selling USD for EUR. This submitted offer forms is known as an order book. The network will use the order book to find the best exchange rate for the transaction in-order to minimize the fee paid by a user. This multi-currency transaction is possible because of "Anchors". Anchors are trusted entities that hold people’s deposits and can issue credit. In essence, Anchors serves as the bridge between different currencies and the Stellar network. Lumens (XLM) Lumens are the native asset (digital currency) that exist on the Stellar network that helps to facilitate multi-currency transactions and prevent spams. For multi-currency transactions, XLM is the digital intermediary that allows for such a transaction to occur at a low cost. In-order to prevent DoS attacks (aka spams) that would inevitably occur on the Stellar network, a small fee of 0.00001 XLM is associated with every transaction that occurs on the network. This fee is small enough so it does not significantly affect the cost of transaction, but large enough so it dissuades bad actors from spamming the network. The collected fee is then redistributed and added to an inflation pool. This inflation pool releases Lumens at a rate of 1% each year.


Stellar Price Chart


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Stellar Trades on These Exchanges:

# ExchangePairPriceVolume (24h)Updated



Stellar Twitter News Feed

“Permissionless Networks are the infrastructure that allows entities the ability to build on top of them and innovate” You asked; I’ve delivered: All @DenelleDixon’s highlights from today’s historic IMF panel: Cross-Border Payments click to view👇 @StellarOrg #XLM #Stellarfamily

Reminder: We will be performing a scheduled reset of the Stellar Test Network on October 28 from 09:00-10:00 UTC.

See testnet best practices for more information:
https://developers.stellar.org/docs/glossary/testnet/#best-practices-for-using-testnet

#StellarDevelopers #Stellar

It's always exciting to see Chamber members' collaboration in the news: Last week, @StellarOrg announced it would support the #stablecoin $USDC, co-founded by @circlepay, as a virtual currency on its network - expected to go live in Q1 of 2021 https://techcrunch.com/2020/10/15/stellar-blockchain-will-soon-support-usdc-stablecoin/

‼️ NEW EPISODE ALERT ‼️

We sat down w/ @StellarOrg to discuss:

- Leading Cross-Border Payments
- Future of #Stablecoin Regulation
- #Bitcoin and #Ethereum narratives in 2021
- #Stellar Roadmap

FULL EPISODE➡️➡️https://youtu.be/LUkXl0_q9xk

Join us on Thursday, October 29th for the next Enterprise Ecosystem Roundtable. We'll be tackling the age-old question: custodial vs. non-custodial wallets.

Join SDF, @satoshipay, @dstoq and @SaldoMX in this session moderated by @nestorious828.

https://stellar.org/events/custodial-vs-non-custodial-apps-which-side-are-you-on

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