Stellar Ecosystem
News

Stellar Development Foundation announced plans to open-source the Stellar Disbursement Platform by Q3, enabling developers and organizations to build bulk payment and on/off-ramp solutions for humanitarian aid and financial inclusion use cases.

The Stellar Development Foundation showcased Stellar's real-world utility at Paris Blockchain Week, featuring keynotes on humanitarian aid delivery via Stellar Aid Assist, Soroban smart contracts workshops, and panels on enterprise payments with stablecoins like GYEN and ZUSD.

Stellar Development Foundation launched Stellar Aid Assist, a stablecoin-based platform enabling humanitarian organizations to distribute cash aid via USDC through the Stellar network. The platform eliminates intermediaries, reduces costs to near-zero, and provides recipients secure access to funds without bank accounts, currently piloted with Ukrainian refugees.

Cebuana Lhuillier, the Philippines' largest microfinance provider, integrated with Stellar to offer blockchain-based remittances to 2,500 branches, enabling near-instant settlement and lower fees for cross-border payments.

FinClusive and Anclap launched a pilot program on Stellar demonstrating that blockchain-based remittances between the US and Colombia cost roughly half traditional methods (2.68% vs 5.36%), using stablecoins like USDC for faster, cheaper cross-border transfers.

AMA recap with MYKOBO CEO Seyi Akin-Olugbemi, issuer of the EURC Euro stablecoin on Stellar. He discusses his background in fintech, the motivation behind MYKOBO for financial inclusion in Africa, and why Stellar is ideal for value transfer. MYKOBO app supports EURC, USDC, XLM, and AQUA, all on Stellar, with upcoming liquidity pools.

Thomaz Texeira, CEO of nTokens, discusses building fintech solutions on Stellar in this founder interview. He explains how blockchain democratizes finance globally and why smart contracts will enable programmable money for underserved markets.

Coinme integrated USDC on Stellar across its 40,000+ U.S. cash locations, enabling low-fee cash-to-digital conversions and near-instant peer-to-peer payments. The partnership brings financial inclusion to unbanked Americans through Stellar's efficient payment infrastructure.

MYKOBO has reduced its minimum crypto-to-crypto send and buy/sell values from €20/20 EURC to €1/1 EURC, making trading and transfers more accessible. This change aims to empower users of all trade sizes in the crypto economy. MYKOBO issues the EURC stablecoin on the Stellar blockchain, bridging European finance to blockchain.

Arf, a Swiss-regulated settlement banking platform backed by the Stellar Development Foundation, launched Arf Credit Line, offering unsecured USDC-based working capital financing for licensed financial institutions. The solution enables same-day cross-border settlements without pre-funding, generating $150 million in on-chain USDC volume within four months.

Soroban smart contracts on Stellar enable a unique cash-to-DeFi pathway through the network's anchor infrastructure and MoneyGram Ramps, allowing underserved populations to access financial services directly from cash deposits to income-generating protocols.

The Stellar Newsletter highlights the Soroban Adoption Fund with $100M in opportunities, including a $10M Stellar Community Fund program for Soroban projects and developer initiatives like Sorobanathon. It covers UNHCR's nomination for blockchain impact award using Stellar for aid in Ukraine, partnerships like Beans App with MoneyGram, and technical updates on Pull Mode and Ubuntu upgrades. Community events, policy priorities, and developer resources are also featured.

The Stellar Development Foundation submitted a letter to the White House Office of Science and Technology Policy recommending two priorities for digital asset research: software interoperability standards and programmable digital assets for social benefits like cash assistance.

Tori Samples, co-founder of Leaf Global Fintech (now BOSS Money Africa), discusses her journey building blockchain solutions for financial inclusion in Africa. She recently joined the Stellar Development Foundation as Senior Product Manager, leading work on Stellar Aid Assist for humanitarian disbursements.

The Stellar Development Foundation outlines its 2023 policy priorities, including advocating for robust blockchain regulation, pushing for bipartisan stablecoin legislation, and demonstrating real-world blockchain utility through projects like MoneyGram and Stellar Aid Assist.

BP Ventures announces sponsorship of Public Node's Stellar validator node, funding its uptime and monitoring. This supports the growth of the Stellar network and Public Node's mission for open blockchain infrastructure. The partnership highlights commitment to inclusive blockchain technology.

The Stellar Newsletter highlights the 2023 roadmap emphasizing utility through tools like Stellar Aid Assist and Soroban smart contracts. It introduces the Stellar Asset Sandbox for easy testnet asset issuance, reviews Q4 2022 achievements, and announces Sorobanathon: Equinox. Additional updates cover TASCOMBANK's blockchain pilot in Ukraine, SDF's CFTC involvement, network growth milestones, and developer resources.

USDC addresses inefficiencies in cross-border payments with regulated, on-chain settlement. Four use cases—remittances ($1B+ via SDF partnership), B2B payments, liquidity provision, and global financial access—demonstrate institutional adoption at scale.

The Stellar Development Foundation is heading to the World Economic Forum in Davos to showcase Stellar Aid Assist, a blockchain-based aid disbursement system now being piloted by UNHCR and IRC to deliver cash assistance to displaced persons in Ukraine without requiring bank accounts.

MYKOBO recaps its 2022 journey, from inception inspired by remittance challenges to launching Version 2 on the Stellar blockchain with EURC stablecoin. Key achievements include over 400 users, 155K EUR traded volume, and integration with Stellar protocols like SEP-6, SEP-24, and SEP-31. The company anticipates 2023 expansions like EURC swaps, new payment corridors, IBAN services, and debit cards.

The Stellar Development Foundation's 2022 year-in-review highlights major milestones: 7M+ network accounts, Soroban smart contracts launching mid-2023, MoneyGram Ramps enabling cash-to-crypto conversion, and Stellar Aid Assist delivering humanitarian aid via blockchain.

UNHCR launches a blockchain-based cash assistance pilot in Ukraine using Stellar, Vibrant wallet, and USDC stablecoins to distribute humanitarian aid to war-displaced Ukrainians. Recipients can convert funds to local currency and withdraw via MoneyGram.