Stellar is a blockchain focused on cross-border remittances and peer-to-peer payments, powered by the XLM token. Founded by Jed McCaleb, it differs from Ripple by targeting individuals rather than banks, enabling transactions in seconds for pennies while integrating with traditional financial systems through anchors and partnerships.
Stellar is a blockchain designed for the remittance market, powered by the XLM (lumen) cryptocurrency, founded by Jed McCaleb who previously helped develop Ripple. Unlike Ripple's bank-focused approach, Stellar targets peer-to-peer retail transactions with low fees and fast settlement. The network includes about two dozen anchors providing fiat on- and off-ramps and AML compliance. Recent partnerships include MoneyGram and Circle for USDC integration, enabling users to deposit cash and send international payments. Stellar positions itself as enhancing rather than replacing the global financial system, with ongoing CBDC development initiatives.