Stellar Ecosystem
News

Wyre integrated with MoneyGram's Stellar-powered on/off-ramp service, enabling users to convert between cash and cryptocurrency globally. The zero-fee service for 12 months lets users move fiat to blockchain in five minutes and cash out digital assets from nearly anywhere.

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.

Nium partners with Stellar Development Foundation to enable fiat payouts in 190 countries via API integration, allowing businesses to access real-time cross-border payment services without building their own infrastructure.

Nium and the Stellar Development Foundation announced a partnership enabling fiat payouts to 190 countries via Stellar. Businesses can now leverage Nium's API to facilitate near-instant cross-border payments without prefunding local treasuries, combining Nium's global reach with Stellar's blockchain infrastructure.

MoneyGram and the Stellar Development Foundation launched a global on/off-ramp service enabling users to convert between cash and cryptocurrencies at MoneyGram locations. The service, powered by Stellar and USDC, is now available in Canada, Kenya, Philippines, and the U.S., with global cash-out functionality expected by June 2022.

MoneyGram launched an on- and off-ramp service for digital wallets in partnership with Stellar Development Foundation, enabling users to convert between fiat and cryptocurrency without bank accounts. The service rolls out in Canada, Kenya, the Philippines, and the US using Circle's USDC stablecoin, with Vibrat and Lobstr wallet integration.

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.

Alfred Pay, a Stellar Community Fund winner, is building a LATAM-focused remittance platform using USDC on Stellar. The fintech operates as both an anchor and consumer wallet app, launching anchor services in the Dominican Republic this June with plans to expand across Latin America.

Stellar validators will vote on Protocol 19 upgrade on June 8, 2022, introducing new transaction preconditions and signer types to enable payment channels, bridges, and key recovery solutions. The upgrade enables Layer 2 scaling with Starlight prototype achieving 1.19 million payments per second.

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.

DFS Lab and the Stellar Development Foundation are launching their second Blockchain Bootcamp in April 2022, bringing together 10 African startups to build payment and financial inclusion solutions on Stellar over three days, with winners receiving prizes and demo day pitching opportunities.

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.

The Stellar Development Foundation and Wirex released a 2022 cryptocurrency adoption report surveying 8,257 people across the UK, US, Singapore, and Mexico. Key findings show 81% of the general population has heard of crypto, 39% own or have owned it, and adoption is spreading beyond the stereotypical young male demographic to women and older adults.

Velo Labs and Philippine Digital Asset Exchange (PDAX) partnered to improve cross-border payments to the Philippines using blockchain technology, targeting the $34 billion annual remittance market with faster, cheaper, and more secure transactions.

Three African fintech leaders building on Stellar discuss why they chose the network for payments infrastructure, the $95B+ remittance opportunity across Africa, and advice for entrepreneurs launching in the space ahead of the Stellar Blockchain Bootcamp.

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.

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.

Tribal, a fintech platform serving SMBs in emerging markets, raised $60 million in Series B funding led by SoftBank Latin America Fund. The company plans to expand across Latin America, building on its cross-border payment system with Bitso and the Stellar Development Foundation.