What is Stellar?
A blockchain for borderless payments
Stellar is a decentralized network launched in 2014 with the goal of simplifying international payments and making them more globally accessible. The project was founded by Jed McCaleb, who also co-founded Ripple (XRP), and is now run by the non-profit Stellar Development Foundation. Stellar aims to build an open and inclusive financial system where transfers between currencies and countries can happen quickly, affordably, and without intermediaries. The asset XLM (Stellar Lumens) is used within the network to facilitate these transactions.
Why Stellar?
Stellar offers several features that make the network particularly well-suited for global payments and financial inclusion:
Fast transactions: Transactions on the Stellar network are confirmed within seconds, allowing for near-instant international transfers.
Low fees: The cost of a transfer on Stellar is often a fraction of a cent – making the network attractive to both individuals and institutions.
Currency bridge: Stellar acts as a bridge between different currencies and payment systems, simplifying the exchange between fiat and crypto.
Focus on inclusion: A core part of Stellar's vision is to provide financial services to those currently excluded from traditional banking systems.
XLM: The asset powering Stellar
XLM, or Stellar Lumens, is not just a transaction currency – it’s the core asset that powers the Stellar network. Every time a transfer occurs, a currency is exchanged, or a new account is created, XLM is used.
Global use: Banks, fintech companies, and payment providers use Stellar and XLM to send money across borders quickly and cheaply – creating natural demand for the asset.
Key role in the ecosystem: XLM acts as a bridge between different currencies, enabling seamless exchange without intermediaries. This makes the network especially attractive in regions lacking traditional financial infrastructure.
With a clear function in a growing global payment network, XLM is more than just a technical component – it's an asset with real-world use and long-term potential.
Stellar's Vision
Stellar aims to connect the traditional financial world with new technology by building an open, accessible, and efficient global payment system. Through partnerships with startups and global enterprises alike, Stellar positions itself as a truly useful blockchain network – not just for the crypto industry, but for the world at large.
With its focus on inclusion, usability, and collaboration, Stellar continues to play a key role in shaping the future of financial infrastructure.
Invest in Stellar
Virtune Stellar ETP is a physically-backed exchange-traded product (ETP) designed to offer investors a secure and cost-effective way to gain exposure to Stellar (XLM). This is made possible through a transparent and physically-backed structure with institutional-level security.
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