Stellar is an open-source, decentralized blockchain network designed to facilitate the transfer of money and other assets between people and institutions across the world. It was created to enable fast and efficient cross-border transactions, with low fees and without the need for traditional financial intermediaries. The network's native cryptocurrency is called the lumen (XLM), which serves as a digital asset for denominating network requirements.

For what is Stellar used?

Stellar is used for a wide range of use cases, including remittances, micropayments, mobile money, and mobile banking. Its unique features, such as its ability to facilitate cross-border transactions in multiple currencies, make it an attractive option for individuals and institutions looking to transfer funds across borders quickly and efficiently. Additionally, Stellar can support the creation of new assets, including digital currencies, security tokens, and even real-world assets such as commodities or real estate.

The lumen (XLM) serves a special role in the Stellar network, as every account must hold a small number of lumens at all times to meet minimum balance requirements and pay transaction fees. This requirement was introduced to deter bad or frivolous actors from spamming the network with nonsense transactions. Additionally, because everyone on the network needs lumens, it can act as a medium of exchange between otherwise illiquid assets, making it easier to move money between users.

Stellar was created by Jed McCaleb, co-founder of Ripple, and Joyce Kim in 2014. The project began as a fork of the Ripple protocol but was later rewritten from scratch to address some of the perceived limitations of the Ripple system. The Stellar Development Foundation (SDF), a non-profit organization based in Delaware, is responsible for developing and promoting the Stellar network.

Stellar Lumen (XLM) Markets

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	XLM-USDT XLMUSDT	binance	AA	0.1923USDT	2.50%	123,103,659.00XLM	97,557	0.1877USDT	0.1964USDT
2	XLM-USD XLM-USD	coinbase	AA	0.1922USD	2.54%	97,842,283.40XLM	47,649	0.1875USD	0.1962USD
3	XLM-USDC XLM-USDC	coinbaseinternational	BB	0.1922USDC	2.54%	97,546,280.87XLM	47,549	0.1875USDC	0.1962USDC
4	XLM-USDT XLM-USDT	okex	A	0.1923USDT	2.50%	45,403,855.22XLM	70,478	0.1876USDT	0.1964USDT
5	XLM-USD XXLMZUSD	kraken	AA	0.1922USD	2.53%	29,075,227.76XLM	12,707	0.1875USD	0.1962USD
6	XLM-USDT XLM_USDT	gateio	A	0.1923USDT	2.48%	26,917,734.22XLM	43,005	0.1877USDT	0.1964USDT
7	XLM-USDT XLMUSDT	bybit	A	0.1923USDT	2.50%	24,574,486.60XLM	25,232	0.1877USDT	0.1963USDT
8	XLM-USDT XLMUSDT_SPBL	bitget	BB	0.1924USDT	2.53%	22,080,426.11XLM	29,254	0.1876USDT	0.1963USDT
9	XLM-USDC XLMUSDC	binance	AA	0.1923USDC	2.51%	18,709,597.00XLM	17,829	0.1876USDC	0.1964USDC
10	XLM-USDT XLM_USDT	whitebit	BB	0.1923USDT	2.48%	15,452,468.20XLM	18,954	0.1877USDT	0.1962USDT
11	XLM-USDT XLM-USDT	kucoin	BB	0.1923USDT	2.50%	13,243,108.66XLM	15,817	0.1877USDT	0.1963USDT
12	XLM-USD xlmusd	bitstamp	AA	0.1923USD	2.59%	12,416,679.49XLM	6,894	0.1875USD	0.1962USD
13	XLM-EUR XXLMZEUR	kraken	AA	0.1674EUR	2.61%	5,247,810.91XLM	3,453	0.1632EUR	0.1706EUR
14	XLM-USD XLMUSD	bitfinex	BB	0.1926USD	2.73%	4,407,450.04XLM	1,775	0.1875USD	0.1961USD
15	XLM-WBT XLM_WBT	whitebit	BB	0.002310WBT	-1.24%	4,148,099.90XLM	4,176	0.002339WBT	0.002359WBT
16	XLM-TRY XLMTRY	binance	AA	9.30TRY	1.97%	3,658,288.00XLM	4,465	9.12TRY	9.48TRY
17	XLM-USDC XLM_USDC	whitebit	BB	0.1925USDC	2.76%	3,581,644.30XLM	3,074	0.1874USDC	0.1962USDC
18	XLM-BTC XLM_BTC	whitebit	BB	0.0₅2375BTC	-1.40%	2,479,431.00XLM	1,380	0.0₅2409BTC	0.0₅2421BTC
19	XLM-TRY XLM_TRY	whitebit	BB	9.32TRY	1.85%	2,270,446.00XLM	2,528	9.15TRY	9.52TRY
20	XLM-USD XLM_USD	cryptodotcom	AA	0.1924USD	2.60%	2,081,101.00XLM	3,706	0.1875USD	0.1964USD
21	XLM-ETH XLMETH	binance	AA	0.0₄7328ETH	-2.81%	1,807,781.00XLM	684	0.0₄7540ETH	0.0₄7622ETH
22	XLM-JPY XLMJPY	binance	AA	30.14JPY	2.03%	1,825,779.30XLM	2,021	29.54JPY	30.71JPY
23	XLM-EUR XLM-EUR	coinbase	AA	0.1669EUR	2.21%	1,669,453.00XLM	2,200	0.1633EUR	0.1706EUR
24	XLM-EUR XLM_EUR	whitebit	BB	0.1674EUR	2.57%	1,170,792.00XLM	994	0.1632EUR	0.1710EUR
25	XLM-USDC XLMUSDC	bybit	A	0.1923USDC	2.56%	858,919.80XLM	8,269	0.1876USDC	0.1963USDC
26	XLM-EUR XLMEUR	binance	AA	0.1671EUR	1.89%	733,884.00XLM	1,029	0.1640EUR	0.1706EUR
27	XLM-USDC XLMUSDC_SPBL	bitget	BB	0.1928USDC	2.77%	737,725.00XLM	1,387	0.1877USDC	0.1963USDC
28	XLM-UAH XLM_UAH	whitebit	BB	8.30UAH	2.22%	671,849.60XLM	1,021	8.12UAH	8.47UAH
29	XLM-USDT XLMUST	bitfinex	BB	0.1927USDT	2.49%	604,837.28XLM	500	0.1880USDT	0.1963USDT
30	XLM-EUR xlmeur	bitstamp	AA	0.1678EUR	2.63%	594,623.26XLM	563	0.1635EUR	0.1704EUR
31	XLM-USDC XLM-USDC	okex	A	0.1922USDC	2.63%	585,784.30XLM	1,567	0.1873USDC	0.1962USDC
32	XLM-GBP XXLMZGBP	kraken	AA	0.1440GBP	2.62%	341,085.14XLM	138	0.1403GBP	0.1463GBP
33	XLM-EUR XLM-EUR	okex	A	0.1671EUR	2.40%	321,009.26XLM	562	0.1632EUR	0.1704EUR
34	XLM-USDT XLM-USDT	coinbase	AA	0.1931USDT	2.82%	290,619.00XLM	136	0.1878USDT	0.1965USDT
35	XLM-USDT XLM_USDT	cryptodotcom	AA	0.1926USDT	2.54%	284,350.00XLM	2,319	0.1879USDT	0.1964USDT
36	XLM-USDC XLM-USDC	kucoin	BB	0.1933USDC	3.04%	206,441.62XLM	371	0.1876USDC	0.1962USDC
37	XLM-BTC XXLMXXBT	kraken	AA	0.0₅2387BTC	-1.08%	150,728.68XLM	97	0.0₅2413BTC	0.0₅2417BTC
38	XLM-BTC XLMBTC	bybit	A	0.0₅2385BTC	-1.36%	135,265.70XLM	260	0.0₅2418BTC	0.0₅2418BTC
39	XLM-ETH XLM-ETH	kucoin	BB	0.0₄7308ETH	-3.26%	127,306.61XLM	481	0.0₄7554ETH	0.0₄7554ETH
40	XLM-BTC XLM-BTC	coinbase	AA	0.0₅2410BTC	-0.41%	104,953.00XLM	90	0.0₅2420BTC	0.0₅2420BTC
41	XLM-BTC XLM-BTC	kucoin	BB	0.0₅2377BTC	-1.82%	105,226.52XLM	500	0.0₅2421BTC	0.0₅2421BTC
42	XLM-EUR XLMEUR	cexio	BB	0.1664EUR	2.02%	83,730.18XLM	9	0.1631EUR	0.1678EUR
43	XLM-USD XLM-USD	okex	A	0.1923USD	2.49%	70,444.64XLM	319	0.1876USD	0.1961USD
44	XLM-USD1 XLMUSD1	binance	AA	0.1941USD1	2.97%	50,433.00XLM	71	0.1885USD1	0.1941USD1
45	XLM-BTC XLM_BTC	gateio	A	0.0₅2373BTC	-0.84%	26,870.06XLM	146	0.0₅2393BTC	0.0₅2419BTC
46	XLM-USD XLMUSD	cexio	BB	0.1950USD	5.67%	9,588.94XLM	12	0.1845USD	0.1950USD
47	XLM-TRY XLM-TRY	okex	A	9.34TRY	2.68%	9,376.46XLM	44	9.09TRY	9.45TRY
48	XLM-U XLMU	binance	AA	0.1952U	3.77%	3,131.00XLM	7	0.1881U	0.1952U
49	XLM-USDT XLMUSDT	cexio	BB	0.1953USDT	6.01%	995.20XLM	7	0.1842USDT	0.1953USDT
50	XLM-GBP XLMGBP	cexio	BB	0.1434GBP	3.19%	123.50XLM	1	0.1389GBP	0.1434GBP

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