What is Stellar (XLM)?
Stellar (XLM) is a cryptocurrency and blockchain platform designed to enable fast, low-cost, and secure cross-border transactions. Its goal is to connect banks, payment systems, and individuals—especially in regions with limited access to financial services. Stellar was launched in 2014 by Jed McCaleb, who also co-founded Ripple.
Stellar stands out for its focus on financial inclusion and the efficient transfer of digital assets, particularly in developing countries. The network uses its native currency, Lumens (XLM), as a bridge between different currencies and to reduce transaction costs. Stellar is known for its partnerships with companies like IBM and is seen as a potential link between traditional finance and the blockchain world.
