Stellar Ecosystem
News

MYKOBO is transitioning its EURC stablecoin on the Stellar blockchain to Circle's EURC, affecting over 25K asset holders. This move supports MiCAR compliance and expands services to Ethereum, Avalanche, and Solana. Current services will continue uninterrupted during the transition.

GYEN and ZUSD stablecoins are now available for trading on Bitstamp, a major regulated exchange founded in 2011. The listing enables users to easily convert between USD and these Stellar-based stablecoins with enhanced security and compliance features.

FxDAO's peg system for synthetic currencies on Stellar uses XLM collateral and arbitrage incentives similar to the gold standard, not algorithmic stablecoins. It features controlled issuance, redemption, and liquidations to maintain stability and health. The protocol ensures debt cannot exceed collateral value, enforced by smart contracts.

The Spacewalk bridge connects Stellar and Polkadot ecosystems, enabling Stellar users to access Polkadot's DeFi capabilities and Pendulum's fiat-DeFi infrastructure. This integration allows seamless asset transfers, forex DEX, yield farming with stablecoins, and cross-border payments. It expands opportunities for Stellar community in advanced blockchain applications.

Zebec, through its investment arm Payroll Growth Partners, has acquired PayBridge and School Payroll Services to expand its payroll offerings and integrate blockchain technology into traditional systems. Key integrations with Circle and Stellar enable employees to receive salaries in USDC or XLM for efficient cross-border payments via the WageLink app. This positions Zebec as a leader in real-world streaming finance applications.

Pendulum's Q1 2024 roundup highlights the launch of the Spacewalk bridge connecting Stellar and Polkadot ecosystems for seamless XLM and stablecoin transfers. Key developments include reward structures for bridge vaults, new liquidity pools on Zenlink and StellaSwap, and progress on Forex AMM powered by Nabla. Community engagement and governance updates further strengthen the ecosystem's growth.

The Spacewalk Bridge is now live on the Pendulum network, enabling trust-minimized transfers of XLM and fiat-backed stablecoins like EURC, AUDD, NGNC, TZS, and BRL between Stellar and Polkadot ecosystems. Stellar users can trade XLM on Zenlink DEX and provide liquidity in pools such as XLM.s/PEN and XLM.s/DOT. Pendulum's Forex DEX powered by Nabla offers single-sided liquidity provision without impermanent loss, enhancing DeFi accessibility.

MYKOBO announces SEPA rails support for Circle’s EURC stablecoin on the Stellar blockchain, enabling European users to deposit and withdraw Euros via the LOBSTR wallet. EURC is fully reserved and redeemable 1:1 for Euro, issued on multiple chains including Stellar. This enhances Euro stablecoin interoperability and accessibility on Stellar.

A roundup of global crypto regulations, adoption trends, and developments, including UK stablecoin laws, Hong Kong licensing, and South Africa's embrace of stablecoins. Highlights mainstream adoption like Swiss Postfinance's crypto services and Web3 hurdles. Notably features the launch of smart contracts on the Stellar network, marking a new era for the blockchain.

Yellow Card, Africa's largest stablecoin on/off ramp, is integrating USDC on the Stellar network to enable faster, cheaper cross-border payments and remittances across 20 African countries. The integration offers near-zero fees and 3-second settlement times.

HoneyCoin wins Stellar Community Fund Round 21 award for launching Flights, a pioneering feature enabling flight ticket purchases to 150+ countries using Stellar assets like USDC and EURC. The award recognizes their innovative work on the Peer platform. They thank the Stellar community and tease more features ahead.

Stablecoins are projected to reach $3 trillion by 2028, with major players like Circle, PayPal, Ripple, and JPMorgan expanding adoption through partnerships and regulatory clarity. MoneyGram is launching a Stellar blockchain wallet for cross-border payments in early 2024.

Stasis Euro (EURS), the top Euro stablecoin by market cap at $136M, is now live on Stellar Network. Despite leading in market cap, EURS ranks third in daily trading volume, with Stasis positioning it for DeFi use cases on Stellar.

STASIS has integrated its EURS euro stablecoin with the Stellar network, bringing a regulated, 1:1 euro-backed digital asset to Stellar's payment infrastructure. EURS, backed by liquid euro reserves at the Lithuanian Central Bank, enables fast, low-cost transactions globally.

The Stellar Development Foundation announced that its Head of Policy, Lesley Chavkin, has joined the Stablecoin Standard Advisory Board to contribute expertise on stablecoin regulation and standards. This move aligns with SDF's mission to advance financial inclusion and support innovative payments solutions, particularly for remittances.

This article explains stablecoins, their types, growth, risks, and regulatory challenges in crypto markets. It highlights issues like centralization and past failures such as TerraUSD. Range is introduced as a leading platform for cross-chain stablecoin intelligence, trusted by Stellar and others.

Australian crypto companies Upside and Stables announce a partnership to deliver Web3 education, events, and content, while providing Stables a Melbourne base at Upside HQ. Stables offers a digital wallet for spending, sending, and earning stablecoins, aiding businesses with treasury and payroll. The collaboration aims to boost crypto adoption in Australia.

The Stellar Development Foundation released its Q3 2023 report highlighting major progress on its roadmap, including Soroban's advancement toward Mainnet launch, security partnerships with Certora, enhancements to the Anchor Platform and Wallet SDK, and significant ecosystem milestones like Circle's EURC stablecoin launch and MoneyGram's planned wallet integration.

MoneyGram announced a non-custodial digital wallet launching Q1 2024 on Stellar, enabling users to convert between fiat and stablecoins with cash-out at 180+ countries. The wallet integrates MoneyGram's compliance screening and fiat on/off-ramp services.

Circle launched EURC, its euro-backed stablecoin, on Stellar as the third blockchain after Ethereum and Avalanche. The stablecoin enables 24/7 global transactions with low costs and near-instant settlement, with integration into aid disbursement systems and expansion by Ripio to Spain.

Stablecoins are revolutionizing global payments and remittances by offering low fees, fast transactions, and stability pegged to fiat currencies like the USD. USDC and USDT, available on blockchains including Stellar, provide secure, 24/7 cross-border transfers. The article explores their advantages, top stablecoins, non-USD options like EUROC, and future potential with CBDCs.

Stellar Development Foundation made a minority investment in MoneyGram International as part of the remittance company's recent buyout, with SDF CEO Denelle Dixon joining MoneyGram's board. The partnership builds on their 2021 collaboration enabling stablecoin payments and USDC settlements on Stellar.

UNHCR and the UN's technology provider UNICC are piloting Stellar Aid Assist, a blockchain-based cash disbursement solution using the Stellar network and USDC stablecoin to deliver humanitarian aid directly to displaced persons in Ukraine. The program enables instant bulk transfers, eliminates banking requirements, and provides full transaction traceability.