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Stellar Development Foundation hosted a virtual roundtable to finalize the direct send SEP proposal, discussing multilateral KYC data sharing between anchors and enabling non-custodial wallets to participate in fiat-to-fiat cross-border payments.

Stellar Development Foundation hosted a virtual roundtable on a new SEP (Stellar Ecosystem Proposal) for send-receive transactions, discussing technical standards for anchor-to-anchor cross-border payments, KYC requirements, and protocol design decisions with ecosystem participants from Tempo, SatoshiPay, and Kauri.

Tyler Vanderhoeven explains path payments, a core Stellar feature that moves value through the decentralized exchange by routing assets across multiple order books. Path payments enable market orders, cross-asset payments, and liquidity provision without manual exchange interaction.

Calvary Systems launched NGNT, a fiat-backed Nigerian Naira token on Stellar, enabling instant cross-border payments to Nigeria. The token integrates with Nigeria's banking infrastructure (NIBS) and is already used by payment operators like Tempo and SatoshiPay.

Stellar Development Foundation leadership discusses protocol improvements, WorldWire launch, network growth challenges, and the organization's new direction under executive director Danelle Dixon. Key protocol 11 updates include dynamic fee handling and per-operation limits to improve network efficiency.