Stellar XLM Overview
Current Price: $0.2405
24h Change: -2.15%
Understanding Stellar Lumens (XLM)
Stellar Lumens (XLM) is a cryptocurrency designed to facilitate fast, low-cost cross-border transactions. Unlike traditional cryptocurrencies, Stellar focuses on connecting financial institutions, payment systems, and individuals through its decentralized network.
Key Features:
- Stellar Consensus Protocol (SCP): Ensures rapid and secure transactions.
- High Throughput: Processes thousands of transactions per second (TPS) with fees as low as $0.00001.
- Financial Inclusion: Aims to bridge gaps in global financial accessibility.
Since its launch, Stellar has gained traction for its focus on enabling seamless transfers between fiat and digital assets. Partnerships with major companies like MoneyGram and Circle (issuer of USDC) highlight its growing influence.
Market Data:
- Market Cap: $7.44B
- 24h Range: $0.2372 – $0.2483
FAQs About Stellar (XLM)
What is Stellar’s all-time high (ATH) and low (ATL)?
- ATH: $0.9381
- ATL: $0.0012
How is XLM used?
Stellar facilitates:
- Cross-border payments with minimal fees.
- Tokenized asset issuance (e.g., stablecoins).
- Integration with banking systems for remittances.
Who governs the Stellar network?
The Stellar Development Foundation (SDF), a non-profit founded in 2014, oversees ecosystem growth and partnerships.
XLM vs. XRP: Which is better?
- XRP: Targets banks and large-scale settlements.
- XLM: Prioritizes decentralization and individual accessibility.
Who created Stellar?
Co-founded by Jed McCaleb (ex-Ripple) to build a more open payment platform.
Is XLM a good investment?
While Stellar offers robust tech and partnerships, its price volatility and competition with XRP pose risks. Long-term potential hinges on broader adoption.
Where to buy XLM?
Available on major crypto exchanges or P2P platforms. Always verify seller ratings for security.
Trending Cryptocurrencies (24h %)
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