Stellar explains how anchors bridge traditional banking and the Stellar network by issuing fiat-backed tokens and providing on/off-ramps. The SDF outlines anchor functions, business opportunities, and the path to becoming an anchor in the emerging global payment standard.
Stellar was designed to solve fragmentation in global payments by enabling different currencies to interoperate on a decentralized ledger. Anchors are regulated financial institutions or fintech companies that play a critical role by issuing fiat-backed stablecoins and creating on/off-ramps between traditional banking and the Stellar network. The SDF hosted a webinar with CEO Denelle Dixon and Chief Architect Jed McCaleb covering anchor basics, business models, and monetization strategies including deposit/withdraw fees, FX spreads, and transaction fees. The path to becoming an anchor involves defining your business model, acquiring necessary licenses, setting up banking APIs, connecting to Stellar through ecosystem standards, and arranging DEX liquidity.
