Stellar Ecosystem
News

Settle Network and Stellar launched ARST and BRLT stablecoins pegged to Argentine peso and Brazilian real respectively, enabling fast cross-border remittances between Latin America's two largest economies and addressing financial inclusion for millions of unbanked citizens.

SendIt is a user-friendly wallet built on the Stellar blockchain that enables sending and receiving payments via email addresses, eliminating the need for public keys or technical blockchain knowledge. It supports stablecoins, XLM, and asset swaps like USD to NGN for instant cross-border transfers via Stellar anchors. The testnet is live, with mainnet launch planned in two months to drive mass adoption and financial inclusion.

Lettuce Pay, a Stellar Community Fund grantee, surveyed 130 U.S. small business owners on cryptocurrency payment acceptance. Key findings: 30% have been asked to accept crypto, 75% would if it instantly settled to USD, and two-thirds believe crypto will become mainstream in five years. The company is building a product to let merchants accept crypto while dealing only with USD.

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.

SDF released its Q3 2020 report highlighting major progress: USDC stablecoin coming to Stellar in Q1 2021, protocol upgrades in development, Stellar Community Fund 2.0 launched, and African anchor partnerships expanding.

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.

Stellar is purpose-built for stablecoins, enabling interoperable global payments by bridging fiat and digital currencies. The network's native asset issuance and Anchor infrastructure create a frictionless cross-border payment system with near-instant settlement and ultra-low costs.

Stellar explains how anchors bridge traditional banking and the Stellar network by issuing fiat-backed tokens and providing on/off-ramps. The SDF outlines anchor functions, business opportunities, and the path to becoming an anchor in the emerging global payment standard.

The Stellar Development Foundation explains Issuer-Enforced Finality, a key feature enabling stablecoin issuers to maintain authoritative control over asset ownership on a permissionless network, contrasting Stellar's approach with Ethereum's vulnerability to double-spend attacks.

Bank von der Heydt, a 270-year-old Munich bank, partnered with Bitbond to tokenize securities on Stellar and issue a euro stablecoin for institutional private placements, launching a production version in April.

Paysend, a London-based fintech serving over 1 million users, is launching a stablecoin on Stellar to enable instant global payments without cross-border fees for expats and multi-currency account holders.

Wirex launched 26 fiat-backed stablecoins on Stellar and added Lumens support to its crypto debit card, enabling users to spend USD, EUR equivalents via VISA. The circular process of converting fiat to stablecoin and back raises questions about practical utility.

IBM Blockchain World Wire, built on Stellar, now operates in 72 countries with 47 currencies and 44 banking endpoints. IBM signed letters of intent with six global banks to issue stablecoins on the network and partnered with Stronghold to enable USD stablecoin settlement.

Novatti launched the Novatti AUD Utility Token on Stellar Network, a one-to-one AUD-backed stablecoin. As the first AUD anchor on Stellar, Novatti enables instant AUD payments and settlements with access to global foreign exchange via the Stellar Network.

IBM launched Blockchain World Wire, a payment system built on Stellar that enables near real-time cross-border settlement between financial institutions using digital assets as bridge currencies, eliminating traditional banking intermediaries.

IBM and Stronghold launched Stronghold USD, a dollar-backed stablecoin on Stellar, enabling businesses and asset managers to conduct faster, cheaper cross-border payments and foreign exchange settlements.