Stellar
XLM·Payments·Rank #16
$0.1124
-$0.0033 (-2.84%)
Price Chart
Market Statistics
| Market Cap Rank | #16 | Fully Diluted Valuation | $5.6B | |
| 24h High | $0.1162 | 24h Low | $0.1094 | |
| 7d High | $0.1198 | 7d Low | $0.1082 | |
| Volume / Market Cap | 0.133 | All-Time Low | $0.00139 Mar 16, 2015 | |
| Circulating Supply | 29.4B XLM | Max Supply | 50B XLM |
About Stellar
Stellar is an open-source payment protocol founded in 2014 by Jed McCaleb (also a co-founder of Ripple) and Joyce Kim, designed to connect financial institutions and reduce the cost of cross-border transactions. It uses the Stellar Consensus Protocol (SCP), a federated Byzantine agreement system that is fast, energy-efficient, and allows nodes to reach agreement without trusting every other participant. XLM (Lumens) serve as a small transaction fee to prevent spam and as a bridge currency to facilitate multi-currency transfers in a single transaction. Stellar has partnered with major organisations including IBM, MoneyGram, and VISA, and hosts stablecoin issuers such as Circle (USDC) on its network.