Stellar Ecosystem
News

The Stellar Development Foundation criticized FinCEN's proposed rule on convertible virtual currency transactions, arguing it was developed without sufficient industry input and would hinder law enforcement while stifling blockchain innovation and financial inclusion.

The Stellar Development Foundation opposes the STABLE Act, arguing it would grant banks a monopoly over stablecoins and harm consumers by reducing competition and innovation rather than protecting them.

Meridian 2020, SDF's annual conference, brought together global leaders including Tim Berners-Lee and former World Bank President Jim Yong Kim to discuss blockchain's role in financial inclusion, cross-border payments, and solving real-world challenges through open networks and decentralized technology.

Stellar Development Foundation announces Meridian 2020, a virtual conference from November 16-20 featuring keynotes from Reid Hoffman, Tim Berners-Lee, and other global leaders to discuss payments, financial inclusion, CBDCs, and blockchain policy.

SendIt is a user-friendly wallet built on the Stellar blockchain that enables sending and receiving payments via email addresses, eliminating the need for public keys or technical blockchain knowledge. It supports stablecoins, XLM, and asset swaps like USD to NGN for instant cross-border transfers via Stellar anchors. The testnet is live, with mainnet launch planned in two months to drive mass adoption and financial inclusion.

Lettuce Pay, a Stellar Community Fund grantee, surveyed 130 U.S. small business owners on cryptocurrency payment acceptance. Key findings: 30% have been asked to accept crypto, 75% would if it instantly settled to USD, and two-thirds believe crypto will become mainstream in five years. The company is building a product to let merchants accept crypto while dealing only with USD.

Stellar ecosystem leaders debate custodial vs. non-custodial key management approaches in a roundtable discussion, exploring how CAP-27 and SEP-30 support different solutions and which the SDF should prioritize for financial inclusion and adoption.

Denelle Dixon, CEO of Stellar Development Foundation, spoke at the IMF World Bank Annual Meetings on a panel about cross-border payments, emphasizing that private sector innovation must prioritize use cases, interoperability, and developer-friendly technology to enable financial inclusion through permissionless networks.

Velo Labs, a Stellar-based fintech platform, announced a partnership with Terra to build a next-generation payment system. The team has also partnered with Band Protocol for FX data oracles and Matrixport Cactus for custodial services, advancing its federated credit exchange network for Southeast Asian remittances.

SDF board members discuss strategies for achieving network effects in blockchain, emphasizing the importance of critical mass, user trust, and open networks like Stellar to serve underbanked populations in developing markets.

Denelle Dixon, CEO of the Stellar Development Foundation, briefed the House Financial Services Committee on blockchain's role in transforming payments, focusing on how Stellar enables fast, low-cost cross-border remittances through real-world examples like Cowrie in Nigeria and Tempo in Europe.

The Stellar Development Foundation and FinClusive partner to enable compliant financial access through Stellar's blockchain. FinClusive provides a comprehensive compliance toolkit and on-off ramp services for anchors, addressing de-risking practices that exclude underserved populations from financial services.

Registration is now open for Meridian 2020, Stellar Development Foundation's Nov. 16-20 conference exploring how innovation, inclusion, and governance can drive social and economic change. Featured speakers include former Liberian President Ellen Johnson Sirleaf and LinkedIn co-founder Reid Hoffman.

The Stellar Development Foundation announced Meridian 2020, its second annual virtual conference (November 16-20), designed as a global forum to address systemic challenges through diverse perspectives and collaborative action on financial inclusion, cross-border payments, and equitable access to financial systems.

The Stellar Development Foundation reaffirms its commitment to economic equality and financial inclusion, stating that technology is central to solving systemic inequities and that the organization stands in solidarity with those seeking justice and equality.

Stellar Development Foundation invested $550K in SatoshiPay, an early Stellar adopter expanding from micropayments into B2B cross-border payments. The investment marks SDF's third Enterprise Fund deployment.

Stellar co-founder Jed McCaleb stated at Consensus: Distributed that no crypto projects are currently making a real difference in people's lives beyond speculation. He argued crypto startups should focus on building useful products rather than bank partnerships and business development deals.

The Stellar Development Foundation invested $5 million in Abra, a crypto financial services app operating in 155 countries, to support Abra's integration with the Stellar blockchain and expand financial services globally.

The Stellar Development Foundation invested $5 million in Abra, a crypto wallet service, to integrate Stellar's blockchain into Abra's payment and investment products. The partnership aims to expand financial services on Stellar and improve access to on and off ramps for traditional finance.

The Stellar Development Foundation will present at Consensus: Distributed 2020, sharing updates on network growth, strategic investments, and ecosystem success stories focused on interoperability and financial inclusion.

The Stellar Development Foundation appointed Lin-Hua Wu (Dropbox CCO) and Ronaldo Lemos (Brazilian tech lawyer and academic) to its board of directors, expanding the board to five members to strengthen governance in communications, policy, and regulatory affairs.

The Stellar Development Foundation announced a 2.5M XLM donation-matching program for April in partnership with Lumenthropy, supporting six charities including UNICEF, The Tor Project, and Watsi. The SDF will provide initial 100,000 XLM donations to each organization and match community contributions weekly.

Stellar Development Foundation invested $715,000 in DSTOQ, a security token platform built on Stellar that tokenizes global assets like stocks for emerging market investors. This marks SDF's first enterprise fund investment.

Stellar Development Foundation announces its first investment through a new Enterprise Fund, committing $715K in lumens to DSTOQ, a Liechtenstein-based fintech enabling investment access in emerging markets via security tokens on Stellar.

The Stellar Development Foundation joined the Blockchain Association to advocate for smart regulatory policy and help policymakers understand blockchain's potential to enhance the financial system and promote equitable access.

Stellar Development Foundation reflects on 2019 achievements: team grew from 11 to 56 employees, Stellar accounts doubled to 4.1M, protocol upgrades improved capacity and fairness, and ecosystem matured with stronger validator infrastructure and real use cases like AnchorUSD.

Saldo, a Mexican government-approved app, enables 20,000 migrant workers in the U.S. to send remittances home via Stellar's network using peso-backed stablecoins. At Stellar Meridian conference, builders emphasized regulatory compliance as essential for real-world adoption, contrasting with crypto's move-fast ethos.