Stellar Ecosystem
News

MoneyGram partnered with Stellar Development Foundation and Circle to integrate USDC stablecoin on Stellar, enabling cash-to-USDC conversion at 400,000+ locations. The rollout begins in select markets in 2021, expanding internationally in 2022.

Stellar's built-in asset issuance capabilities, compliance features, and consensus protocol make it well-suited for central bank digital currencies. The network offers security and control comparable to centralized systems while enabling interoperability on a public blockchain.

Arf and Tempo Payments launched a Stellar-based payment corridor from Europe to the Philippines using Circle's Stellar USDC, enabling compliant cross-border transactions with near-zero fees and instant settlement.

This article explains liquidity pools on the Stellar network, introduced in Protocol 18. It covers how constant product price curves work, how they integrate with path payments to improve trading efficiency, and their potential for future evolution.

VersaBank and Stablecorp are launching VCAD, a Canadian stablecoin issued by a North American bank and live on Stellar. Each VCAD unit represents a one-dollar deposit with VersaBank, offering fast, low-cost cross-border transactions.

Anclap launched the first Peruvian sol stablecoin on Stellar, 100% backed by local currency. The digital asset is exchangeable for multiple Latin American currencies and wallets, advancing Anclap's goal to build a cross-border payment network reducing remittance costs.

Answerly closes SCF panel voting with milestones from three years of self-funded operation: a community of 50,000 members, 20,000 active users, and token listings on five major exchanges. Founders Raza Rizvi and Zain Haider seek SCF support to accelerate Stellar DEX integration and build partnerships across the Stellar ecosystem.

Stellar Development Foundation shares how the ecosystem accelerated Automated Market Maker (AMM) development for Protocol 18 by involving developers early with API specs, mock environments, and Futurenet testing, enabling simultaneous product launches upon network upgrade in November.

DFS Lab is hosting a three-day Blockchain Bootcamp in collaboration with the Stellar Development Foundation for nine African startups building financial solutions on Stellar. Winners will receive prizes and pitch to investors at a demo day.

Stellar Development Foundation CEO Denelle Dixon discusses how El Salvador's bitcoin adoption opens doors for broader cryptocurrency use, particularly stablecoins and remittances. She highlights how stablecoins on Stellar can reduce remittance costs from 7-8% to pennies, enabling faster cross-border payments.

This article provides a deep dive into the tokenomics of YBX, the platform token for YieldBlox, a decentralized money market protocol on the Stellar blockchain. It outlines five growth-positive utilities including staking, governance, lending/borrowing incentives, and future AMM integration, designed to bootstrap growth for both YieldBlox and the Stellar ecosystem. The model emphasizes cooperative strategies for maximum value accrual through fee redistribution and reduced sell pressure.

The article details the YBX airdrop for YieldBlox, a DeFi protocol on the Stellar blockchain, with 10 million YBX tokens distributed across three airdrops targeting community members, beta testers, and Stellar ecosystem users. Participants must meet Stellar account age requirements and set up a YBX trustline. Additional incentives include ScripTee NFT distributions for educational content and community engagement.

Jason Chlipala, COO of Stellar Development Foundation, discusses how blockchain enables safer, more efficient payment systems on shared infrastructure. He highlights Stellar's advantages for asset issuance, cross-border transactions, and financial inclusion, particularly in remittances where fees could drop from 7-15% to fractions of pennies.

Bitt and the Stellar Development Foundation were selected as finalists in Singapore's Global CBDC Challenge to develop a retail central bank digital currency solution using Bitt's Digital Currency Management System integrated with the Stellar network.

Stellar's Meridian 2021 conference (Nov 17-18) will showcase local builders creating financial inclusion solutions on the network. The event features ecosystem updates, debates on regulation and digital currencies, and community product demos under the theme Build Locally, Impact Globally.

Seth Hertlein from the Stellar Development Foundation spoke at a Parliamentary Intelligence-Security Forum in Panama about blockchain, illicit finance, and financial inclusion. He presented data showing cryptocurrency crime is minimal (0.34% of transactions) and argued policymakers should focus on blockchain's benefits for the unbanked rather than overreacting to crime risks.

Velo Labs, TEMPO Payments, and Bitazza have opened a remittance corridor between the EU and Thailand on Stellar, enabling fast cross-border transactions for a $17 billion market connecting 600 million customers.

Bitso, a leading Latin American exchange, is integrating Stellar USDC to offer cheaper and faster cross-border payments between the US and Mexico, benefiting its 2+ million users through reduced transaction costs and improved interoperability across the region.

Leaf Global Fintech, a Stellar-backed digital wallet for migrants and refugees in East Africa, shares insights on winning the Stellar Community Fund. The company emphasizes clear communication, user experience prioritization, and empathetic growth strategies.

THORWallet now supports Stellar asset management with single and multisig wallets, enabling XLM and USDC swaps on mobile. The integration includes Blend protocol access for yield generation, bringing institutional-grade DeFi security to Stellar.

Litemint, a Stellar Community Fund winner, shares lessons from applying to SCF twice: identifying community gaps, engaging with the ecosystem, and launching products iteratively. The gaming and NFT platform has grown to 1,400+ NFTs and 65,000+ tradable units on Stellar.