Stellar Ecosystem
News

The Stellar Development Foundation signed a deal with Ukraine's Ministry of Digital Transformation to develop CBDC infrastructure, stablecoin implementation, and virtual asset market capabilities using the Stellar blockchain.

Velo Labs' partners Lightnet Group and SEBA Bank completed the first live transaction on the Federated Credit Exchange Network (FCX), exchanging vUSD and vCHF digital credits pegged to fiat currencies using VELO tokens as collateral and settlement.

Stellar Development Foundation celebrated 2020 as a landmark year, processing 1.553 billion total operations on the network and growing from 12 to 20 anchor services. The ecosystem saw 61% growth in relevant assets and 21X increase in transaction volume, driven by strategic focus on network robustness, trust, and sustainable use cases.

The Stellar Development Foundation invested $3 million in Settle Network, a LATAM-based stablecoin settlement platform. The investment, SDF's fourth enterprise fund allocation in 2020, will support Settle's expansion of fiat-to-crypto services and StableX, the world's first stablecoin exchange.

SatoshiPay integrates Bankhaus von der Heydt's euro-backed stablecoin (EURB) into its cross-border payment service DTransfer. The EURB launched on Stellar via a partnership between the 270-year-old German bank and Bitbond, providing regulatory-compliant EUR transfers across the Single Euro Payments Area.

Germany's Bankhaus von der Heydt, established in 1754, is issuing a euro stablecoin on Stellar in partnership with Bitbond, marking the first direct stablecoin issuance by a traditional banking institution on the network.

Circle announced USDC stablecoin support on Solana, partnering with Alameda Research and FTX. The expansion follows earlier additions of Algorand and Stellar, with Stellar support launching next year to boost USDC adoption in remittances.

Stellar CEO Denelle Dixon will speak on a panel at the IMF's annual meeting about the private sector's role in cross-border payments, alongside leaders from eCurrency, Mastercard, and Celo. The panel will be webcast on October 19.

Circle announced USDC stablecoin integration with Stellar blockchain starting Q1 2021, triggering a 10% price surge in XLM to $0.08 and doubling trading volumes. USDC becomes Stellar's first major USD-pegged stablecoin.

Circle announced USDC stablecoin support for Stellar blockchain by Q1 2021, making Stellar the third network to support USDC after Ethereum and Algorand. The move expands Circle's multi-chain strategy and enables Stellar developers to build financial inclusion solutions.

SDF board members discuss strategies for achieving network effects in blockchain, emphasizing the importance of critical mass, user trust, and open networks like Stellar to serve underbanked populations in developing markets.

Revolut, a U.K.-based fintech firm, has added Stellar Lumens (XLM) to its cryptocurrency trading platform in response to user demand. The move is part of a broader effort to overhaul its crypto product and give customers legal ownership of their digital assets.

Samsung Galaxy smartphones now support Stellar blockchain through integration with Samsung Blockchain Keystore, enabling users to store Stellar private keys and developers to build blockchain apps for Galaxy devices.

Stellar has been integrated into Samsung Blockchain Keystore, becoming the fifth cryptocurrency supported alongside Bitcoin, Ethereum, Tron, and Klaytn. Samsung Galaxy users can now securely store private keys and sign transactions on Stellar dapps.

The Stellar Development Foundation partnered with Elliptic to integrate crypto-asset risk management and AML compliance tools into the Stellar network, enabling businesses to conduct enhanced compliance checks on assets from issuance to redemption while maintaining the network's built-in compliance functionality.

The Stellar Development Foundation invested $550,000 in SatoshiPay, a micropayments provider, marking the third investment by SDF in the platform. The funds will support development of SatoshiPay's B2B cross-border payments solution, with alpha testing by mid-July and public beta in Q4 2020.

The Stellar Development Foundation invested $5 million in Abra, a crypto financial services app operating in 155 countries, to support Abra's integration with the Stellar blockchain and expand financial services globally.