Stellar Ecosystem
News

Coinme and the Stellar Development Foundation launched USDC on Stellar through Coinme's wallet and 40,000+ U.S. cash locations, enabling low-cost conversion between physical cash and digital dollars for financial inclusion.

MoneyGram won the 2023 FinTech Breakthrough Award for Best Use of Blockchain in FinTech, recognized for its on/off-ramp service on Stellar that bridges digital assets and local currency through MoneyGram retail locations worldwide.

MYKOBO has reduced its minimum crypto-to-crypto send and buy/sell values from €20/20 EURC to €1/1 EURC, making trading and transfers more accessible. This change aims to empower users of all trade sizes in the crypto economy. MYKOBO issues the EURC stablecoin on the Stellar blockchain, bridging European finance to blockchain.

Arf launched a USDC-backed working capital solution in partnership with the Stellar Development Foundation, providing unsecured short-term loans for cross-border payment institutions. Within four months, the platform deployed $80M across 800+ locations globally, generating $150M in cumulative on-chain USDC volume.

Tori Samples, co-founder of Leaf Global Fintech (now BOSS Money Africa), discusses her journey building blockchain solutions for financial inclusion in Africa. She recently joined the Stellar Development Foundation as Senior Product Manager, leading work on Stellar Aid Assist for humanitarian disbursements.

Stellar was designed for interoperability, enabling low-cost transfers of all asset types across traditional finance, different blockchains, and web applications. Unlike Bitcoin or Ethereum, Stellar facilitates value movement between all systems rather than replacing them.

Wirex has integrated XLM and USDC on Stellar into its non-custodial wallet, marking the first such wallet without seed phrase vulnerability to support Stellar. The integration expands Wirex Wallet's blockchain support to nine networks.

USDC addresses inefficiencies in cross-border payments with regulated, on-chain settlement. Four use cases—remittances ($1B+ via SDF partnership), B2B payments, liquidity provision, and global financial access—demonstrate institutional adoption at scale.

The Stellar Development Foundation is heading to the World Economic Forum in Davos to showcase Stellar Aid Assist, a blockchain-based aid disbursement system now being piloted by UNHCR and IRC to deliver cash assistance to displaced persons in Ukraine without requiring bank accounts.

UNHCR launches a blockchain-based cash assistance pilot in Ukraine using Stellar, Vibrant wallet, and USDC stablecoins to distribute humanitarian aid to war-displaced Ukrainians. Recipients can convert funds to local currency and withdraw via MoneyGram.

Airtm CEO Rubén Galindo Steckel discusses how blockchain and cross-border payments can enable Latin Americans to participate in the digital economy, reducing dependency on unstable local governments and creating income opportunities without migration.

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.

SDF launched the Anchor Platform at Meridian, a new product that reduces development time for fintechs integrating into Stellar by translating existing APIs into SEP-compliant interfaces. Bitso and Red Chapina are already using it for cross-border payments.

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.