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XLMPublic
Stellar
Symbol
XLM
Type
Public
Consensus
Stellar Consensus Protocol
Launch Date
31-07-2014
Founder(s)
Jed McCaleb, Joyce Kim
Developer
Stellar Development Foundation
About Stellar
Stellar is an open-source blockchain network designed for fast, low-cost cross-border payments and asset tokenization. Founded by Jed McCaleb (co-founder of Ripple) and Joyce Kim, Stellar uses its own Stellar Consensus Protocol (SCP) based on Federated Byzantine Agreement. The network has been adopted by major companies including MoneyGram, Circle (USDC), and Franklin Templeton for payments, stablecoin issuance, and tokenized fund management. Stellar focuses on connecting financial institutions and enabling accessible financial services.