Stellar Ecosystem
News

USDC stablecoin is launching on Stellar as its third blockchain, joining Ethereum and Algorand. The addition aims to strengthen Stellar's cross-border payments network and expand financial inclusion globally.

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.