Stellar Ecosystem
News

The Stellar Development Foundation joined the CFTC's Global Market Advisory Committee as the only blockchain representative, positioning itself to advocate for stablecoins, remittances, and blockchain-traditional finance integration in U.S. regulatory discussions.

MYKOBO recaps its 2022 journey, from inception inspired by remittance challenges to launching Version 2 on the Stellar blockchain with EURC stablecoin. Key achievements include over 400 users, 155K EUR traded volume, and integration with Stellar protocols like SEP-6, SEP-24, and SEP-31. The company anticipates 2023 expansions like EURC swaps, new payment corridors, IBAN services, and debit cards.

UNHCR and the Stellar Development Foundation launched a blockchain-powered cash assistance pilot in Ukraine using Stellar, enabling war-affected people to receive USDC stablecoins in digital wallets and withdraw cash at MoneyGram locations worldwide.

GMO Trust launched GYEN, the world's first regulated JPY stablecoin, and ZUSD on Stellar, enabling fast, low-cost cross-border transactions with 1:1 fiat backing and monthly audits.

Anthony Barker, CEO of BPV, spoke at the IPR Global Event 2022 panel on blockchain's future in payments and remittances. He shared insights on stablecoins, regulatory compliance, and integrating protocols like Stellar with traditional finance. The discussion highlighted blockchain's potential to enhance transaction security and efficiency for money transfer organizations.

Wirex now supports USDC on Stellar, enabling 5 million users to save and spend the stablecoin via crypto-enabled debit cards with rewards up to 8% in WXT tokens across 39 countries.

MYKOBO announces their attendance at the Stellar Meridian event in Rome. They invite attendees to meet and explore opportunities with their Euro Stablecoin payments solution on Stellar. The post highlights #Stellar, #XLM, #EURC, and #blockchain.

The cryptocurrency industry needs clear regulatory standards for stablecoins, similar to USDA organic certification. Without enforceable definitions, consumers lack protection and the term risks losing credibility as tokens like UST collapse.

Bitwage, a payroll platform for remote workers, integrated USD Coin (USDC) on Stellar to enable near-zero transaction fees for salary payments. The integration helps workers in Latin America and beyond receive wages faster and cheaper while reducing employer overhead.

MYKOBO announces a strategic partnership with Beans, a Stellar Community Fund #10 winner, to support EURC Euro on and off ramps. This enables Beans users to deposit/withdraw Euros easily and access IBANs soon. Both companies are built on Stellar for cheaper, faster cross-border payments, with integration launching in early Q4 2022.

USDC on Stellar is now live on Ledger Live, enabling users to securely send, receive, and buy USDC through Ledger hardware wallets. This integration expands network participation and brings low-cost cross-border payments to Ledger's millions of users.

BP Ventures won a $125,000 grant from the Stellar Community Fund for its solution enabling FinTechs to leverage USDC on the Stellar blockchain for payments. The platform integrates with MoneyGram's USDC services for seamless cross-border remittances. This highlights growing adoption of Stellar and USDC in the remittance industry.

WhiteBIT, a major European exchange with 3M+ users, integrated USD Coin (USDC) on Stellar, enabling deposits and withdrawals. This expands USDC availability across digital asset platforms and demonstrates growing adoption of Stellar's stablecoin infrastructure.

Coinme and Circle announced integration of USDC on Stellar, enabling cash in/out at 21,000+ U.S. locations with near-zero fees and instant settlement. The partnership targets financial inclusion for 79 million unbanked Americans and underbanked Latin Americans.

Mercado Bitcoin, Latin America's largest digital asset platform, now enables USD Coin trading on the Stellar network with transaction fees of a fraction of one cent, expanding USDC accessibility and liquidity for the region.

Mercado Bitcoin, Latin America's largest digital assets platform, now offers USDC on the Stellar network, enabling customers to transact with fees of a fraction of a cent. This marks the first time the exchange has offered the same asset across multiple networks.

The Stellar Development Foundation advocates for clear stablecoin legislation that requires audited, fiat-backed reserves held in regulated banks. SDF emphasizes the need to distinguish genuine stablecoins from other token structures and calls for consistent global regulatory guardrails to protect consumers and build trust in blockchain payments.

Novatti Group announced the launch of AUDC, an Australian Dollar-backed stablecoin on the Stellar blockchain. The 1:1 AUD-backed digital asset will integrate into Novatti's payment solutions, enabling faster, lower-cost domestic and cross-border transactions with support from the Stellar Development Foundation.

Newton, a Canadian crypto trading platform with 450,000 users, now supports USDC deposits and withdrawals on Stellar, offering near-zero transaction fees and instant settlement alongside multichain USDC support.

Shift Markets and Nexus Markets integrated USDC on Stellar, enabling institutional and retail clients to deposit, withdraw, and swap USDC across blockchains while earning yield through Nexus Vaults.

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.

One year after USDC launched on Stellar, the ecosystem has grown significantly with new payment corridors across Africa, Europe, Philippines, and Latin America, plus integrations from major exchanges like Bitso, Liquid, and Okcoin enabling faster, cheaper cross-border payments and financial inclusion.