FintechZoom is a reliable source for staying up to date on the live price of Stellar (XLM) to USD. Here, you can easily track the fluctuations in the price of Stellar in real time. This information can be crucial for investors and traders looking to make informed decisions based on the current market conditions. Whether you are a seasoned professional or just getting started in the world of cryptocurrency, FintechZoom provides a convenient platform to monitor the live price of Stellar and stay ahead of the game.
Stellar Lumens Price
History of Stellar XLM
Stellar Lumens (XLM): A Journey from Stellar to Lumens
2014:
- July: Jed McCaleb, co-founder of Ripple, launches the XLM network with Joyce Kim. Initially called “Secret Bitcoin Project,” it aimed for a decentralized payment system.
- August:
- The XLM Development Foundation (SDF) forms, partnering with Stripe CEO Patrick Collison.
- XLM receives $3 million seed funding from Stripe.
- Mercado Bitcoin, Brazil’s first bitcoin exchange, joins the XLM network.
- Launch:
- 100 billion “stellars” (later lumens) are created, 25% allocated to financial inclusion nonprofits.
- XLM operates as a decentralized payment network and protocol with its native currency.
2015:
- February: XLM rebrands its native currency from “stellar” to “lumens” (XLM).
- August: IBM partners with Stellar, exploring blockchain for cross-border payments.
2016:
- February: integrates with Tempo, a money transfer service provider.
2017:
- May: XLM partners with Flutterwave, an African payment processor.
2018:
- September: XLM partners with MoneyGram, offering international money transfers through XLM.
2019:
- November: SDF burns half of its XLM supply (50 billion), aiming to increase token value.
2020:
- May: XLM partners with Circle to enable USDC stablecoin transfers on the XLM network.
2021:
- March: XLM integrates with Visa, allowing users to convert currencies instantly using XLM.
- October: XLM partners with Chainlink, enabling access to off-chain data for smart contracts.
2022:
- January: XLM integrates with the World Bank, facilitating cross-border payments in emerging markets.
Key Points:
- XLM has evolved from a decentralized payment network to a broader platform for facilitating financial transactions across borders.
- Partnerships with major players like IBM, MoneyGram, Visa, and the World Bank indicate its growing adoption.
- XLM’s price has seen significant fluctuations, reflecting the overall crypto market volatility.
Additional Resources:
- XLM (payment network): https://stellar.org/
- XLM Development Foundation: https://stellar.org/
