DeFi, payments, tokenization, Soroban, governance, and project launches — curated daily from publications, project blogs, and community channels across the Stellar blockchain ecosystem.
The Stellar Development Foundation invested $3 million in Settle Network, a LATAM-based stablecoin settlement platform. The investment, SDF's fourth enterprise fund allocation in 2020, will support Settle's expansion of fiat-to-crypto services and StableX, the world's first stablecoin exchange.
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.
Stellar CEO Denelle Dixon will speak on a panel at the IMF's annual meeting about the private sector's role in cross-border payments, alongside leaders from eCurrency, Mastercard, and Celo. The panel will be webcast on October 19.
SDF board members discuss strategies for achieving network effects in blockchain, emphasizing the importance of critical mass, user trust, and open networks like Stellar to serve underbanked populations in developing markets.
The Stellar Development Foundation announced Meridian 2020, its second annual virtual conference (November 16-20), designed as a global forum to address systemic challenges through diverse perspectives and collaborative action on financial inclusion, cross-border payments, and equitable access to financial systems.
The Stellar Development Foundation will present at Consensus: Distributed on May 12, featuring CEO Denelle Dixon and co-founder Jed McCaleb discussing Stellar's 2020 roadmap, network health metrics, and ecosystem businesses including DSTOQ, Keybase, and Cowrie.
The Stellar Development Foundation appointed Lin-Hua Wu (Dropbox CCO) and Ronaldo Lemos (Brazilian tech lawyer and academic) to its board of directors in April 2020, bringing expertise in communications, technology policy, and emerging markets to guide Stellar's mission of financial inclusion.
SDF hosted a webinar featuring Cowrie Integrated Systems, a Nigerian fintech company using Stellar to enable low-cost, instant payments into and out of Nigerian bank accounts via their NGNT stablecoin and anchor integration.
Stellar Development Foundation invested $715,000 in DSTOQ, a security token platform built on Stellar that tokenizes global assets like stocks for emerging market investors. This marks SDF's first enterprise fund investment.
The Stellar Development Foundation outlines its vision for financial inclusion, emphasizing how Stellar's blockchain infrastructure enables local fintech entrepreneurs to reduce costs, accelerate go-to-market speed, and access global markets. The post features three companies building inclusion solutions on Stellar: Seamless Money, FinClusive, and Wala.
Singapore-based TransferTo is partnering with Stellar to enable low-cost blockchain-based cross-border remittances for underbanked populations in emerging markets, with plans to send regular payments across the Stellar network by Q4 2018 using Lumens as the settlement currency.
Pundi X, a cryptocurrency POS provider, partnered with Stellar to become an Indonesian Rupiah anchor on the network, enabling faster and cheaper cross-border payments while supporting XLM in its retail payment platform.
IBM and Stellar announced a partnership settling real cross-border payments using lumens as a bridge currency across Pacific currencies. The platform integrates private and public blockchain, with IBM handling transaction clearing while Stellar's blockchain conducts settlement.
Joyce Kim, co-founder of Stellar, resigned as executive director in May 2016, passing the role to co-founder Jed McCaleb while remaining as board chairperson. Kim cited slow legal changes and specialized product design as factors in her decision, planning to explore microfinance work in developing regions.
Stellar.org outlines a three-phase strategy to achieve financial inclusion: building the Stellar network infrastructure, establishing anchor partnerships to connect financial institutions, and creating a platform for developers to build financial services for underbanked populations.
Stellar co-founder Joyce Kim discusses the project's launch challenges, consensus protocol issues being addressed by Chief Scientist David Mazières, and efforts to drive developer adoption and financial inclusion in emerging markets like Nicaragua and Vietnam.
The Future of Money & Technology Summit in San Francisco featured a dedicated digital currency track with discussions on bitcoin, blockchain, and Stellar. Panelists highlighted emerging markets as key to cryptocurrency adoption and discussed innovations like sidechains.
