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Key Takeaways Stellar (XLM), launched in 2014 by Jed McCaleb and the Stellar Development Foundation, continues to stand out for its mission to simplify cross-border payments. Designed as an open-source network, Stellar connects traditional finance with blockchain technology—allowing seamless issuance and transfer of digital currencies. Its native token, lumens (XLM), facilitates low-cost transactions and maintains…
Stellar (XLM) is a blockchain-based platform designed to facilitate fast, low-cost cross-border payments and currency exchanges. Co-founded by Jed McCaleb and Joyce Kim in 2014, Stellar aims to provide inclusive financial access, particularly to underbanked regions, using a decentralized, open-source protocol. Understanding Stellar and Its Purpose Stellar operates on a decentralized ledger that allows users…