Stellar Ecosystem
News

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.

Okcoin becomes the first US exchange to offer USDC deposits and withdrawals on Stellar, enabling faster and cheaper stablecoin transactions with near-zero fees and 5-second settlement times.

The Stellar Development Foundation released its 2021 Q4 report, highlighting major achievements including USDC integration, MoneyGram partnership for cash-in/cash-out services, $80.25M in Enterprise Fund investments, three protocol upgrades, and international CBDC pilots in Ukraine.

SDF CEO Denelle Dixon testified before the US House Committee on Financial Services on digital assets and blockchain's role in financial innovation, highlighting Stellar's use cases in cross-border payments, remittances, and stablecoin issuance while addressing regulatory frameworks and environmental sustainability.

The Stellar Development Foundation released its Q3 2021 report highlighting Protocol 18 AMM upgrade preparations, a $40 million investment in Tala for digital banking, new payment corridors in Europe-Philippines and Latin America, and Canadian stablecoin VCAD launch by VersaBank and Stablecorp.

MoneyGram announced it will use Stellar blockchain to enable USDC stablecoin payments and near-real-time settlement for its customers, with rollout beginning this year and international expansion in 2022.

MoneyGram partners with Stellar Development Foundation to enable crypto payouts in local currencies using Circle's USDC stablecoin, integrating MoneyGram's network with Stellar blockchain for cross-border payments and settlement.

Arf and Tempo Payments launched a Stellar-based payment corridor from Europe to the Philippines using Circle's Stellar USDC, enabling compliant cross-border transactions with near-zero fees and instant settlement.

VersaBank and Stablecorp are launching VCAD, a Canadian stablecoin issued by a North American bank and live on Stellar. Each VCAD unit represents a one-dollar deposit with VersaBank, offering fast, low-cost cross-border transactions.

Anclap launched the first Peruvian sol stablecoin on Stellar, 100% backed by local currency. The digital asset is exchangeable for multiple Latin American currencies and wallets, advancing Anclap's goal to build a cross-border payment network reducing remittance costs.

Stellar Development Foundation CEO Denelle Dixon discusses how El Salvador's bitcoin adoption opens doors for broader cryptocurrency use, particularly stablecoins and remittances. She highlights how stablecoins on Stellar can reduce remittance costs from 7-8% to pennies, enabling faster cross-border payments.

Liquid exchange now offers Stellar USDC with fee-free withdrawals, enabling customers to save $12-15 per transaction and settle in seconds compared to Ethereum-based USDC.

Stellar Development Foundation's Lisa Nestor discusses how USDC on Stellar enables fast, cheap cross-border payments and remittances, with transaction costs measured in fractions of a cent versus thousands on other networks.

USDC expansion on Stellar enables new money flows through anchors like Wyre, Stably, BitGo, and FinClusive, creating fast, low-cost cross-currency transactions and global financial interoperability.

Stably launches a SEP-24 compliant fiat on/off ramp API for Stellar wallets, enabling seamless USDC integration. The fintech company also plans SEP-31 support for international bank transfers and highlights Stellar's protocol-level tokenization as simpler than smart-contract blockchains.

Stably launched on/off ramp integration for USDC and USDS stablecoins on Stellar, enabling seamless deposits and withdrawals for Stellar wallets and anchors. The integration marks the next phase of Stably's partnership with the Stellar Development Foundation to expand borderless payment infrastructure.

Tala, Visa, Circle, and the Stellar Development Foundation announced a partnership to bring USDC stablecoin access and Visa card integration to Tala's 6 million customers in emerging markets, enabling affordable cross-border transfers and merchant payments.

BitGo becomes the first major custody provider to support Stellar USDC, enabling institutions to securely hold the stablecoin while leveraging Stellar's fast settlement and negligible transaction fees for moving funds between exchanges.

SDF reported strong Q1 2021 results across all strategic pillars, including USDC launch on Stellar, $6.5M in Enterprise Fund investments, and record network growth with 160% increase in payments and 196% increase in DEX volume.

Stellar USDC combines Circle's trusted USD stablecoin with Stellar's efficient network for fast, cheap cross-border payments. Transactions cost about $0.0001 and settle in seconds, with 24/7 forex trading on Stellar's DEX.