5 Advantages of Stellar (XLM) that You Must Know

Bittime - Stellar (XLM) has emerged as one of the most innovative and influential blockchain platforms in the world of digital finance. 

With the aim of increasing access to the global financial system, Stellar offers a variety of advantages that make it stand out. 

Here are five main advantages Stellar what you need to know:

1. Improve Global Financial Infrastructure

Although information technology has developed rapidly, the global financial system is still slow and expensive. 

Stellar seeks to address this problem by creating a more efficient payments infrastructure. 

Using blockchain, Stellar allows users to send and receive money instantly without having to rely on a specific bank. 

This is especially important for the 1.7 billion adults who do not have access to banking services.

2. Accessibility for Marginalized Users

Stellar is designed to empower marginalized communities by providing access to better financial tools. 

By leveraging digital tokens, Stellar eliminates fees and delays typically associated with international transactions. 

This opens the door for many people to get involved in the financial system, including small businesses in emerging markets.

3. Support from the Stellar Development Foundation

The Stellar Development Foundation (SDF) plays a critical role in the development and growth of the Stellar network. 

SDF seeks to connect the global financial system by making money more liquid and markets more open. 

With support from various organizations, SDF helps create a strong technical and business community in the Stellar ecosystem, which in turn drives innovation and collaboration.

Read too Stellar Price (XLM)

4. Integration with Stablecoins

One of the interesting innovations at Stellar is the development of the Stellar USD Coin (USDC) by the Center Consortium, which is a collaboration between Circle and Coinbase. 

USDC is a stablecoin that is fully backed by reserve assets and can be exchanged 1:1 with US dollars. 

With high liquidity and a strong reputation, USDC enables developers and businesses to integrate Stellar-based products and services more easily.

5. Facilitate Cross-Border Payments

Stellar also supports cross-border payments through applications such as DSTOQ, which enables the tokenization and issuance of digital assets representing US-qualified securities. 

By using Stellar, DSTOQ makes investing more affordable and accessible for individuals in emerging markets. 

Anyone with a cell phone can buy and own US quality securities from anywhere in the world.

Read too Stellar (XLM): Explanation, Functions, and Everything You Need to Know

Conclusion

Stellar (XLM) offers a variety of advantages that make it an invaluable platform in increasing access to the global financial system. 

With a focus on financial inclusion, support from the Stellar Development Foundation, and integration with stablecoins, Stellar has the potential to change the way people interact with money and investments. 

If you are looking for an innovative and inclusive financial solution, Stellar is an option worth considering.

FAQ

Who Owns Stellar Crypto?

Stellar is not owned by any single individual or entity. As an open-source blockchain network, Stellar is developed and maintained by Stellar 

Development Foundation (SDF), a non-profit organization founded by Jed McCaleb, co-founder of Ripple. 

SDF is responsible for developing and promoting the Stellar network and ensuring that its mission to increase access to the global financial system is achieved.

What is the Function of Stellar?

Stellar has several main functions, including:

1. Cross Border Transactions: Stellar allows users to send and receive money quickly and cheaply anywhere in the world, without needing to rely on traditional banks.

2. Financial Inclusion: Stellar aims to provide access to financial services for unbanked individuals, especially in developing countries.

3. Asset Tokenization: Stellar enables the tokenization of various assets, including fiat currencies and securities, making investing and trading easier.

4. Stablecoins: Stellar supports the use of stablecoins, such as Stellar USD Coin (USDC), which provides value stability and ease of transactions.

Is XLM Supply Limited?

The supply of XLM (lumen), the native token of the Stellar network, is unlimited. When Stellar launched, a total of 100 billion lumens were created. 

However, in 2019, the Stellar community decided to end the inflation mechanism that previously increased lumens supply by 1% annually. 

Currently, about 50 billion lumens are on the market, and no new lumens will be created.

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Reference

Denelle Dixon, Stellar (XLM): Notable Partnerships and Future Projects, Accessed December 5, 2024

Stellar Official Website, Learn Stellar Lumens, Accessed December 5, 2024

Author: IN