Stellar Ecosystem
News

Beans App and Boss Money wallet have integrated with the Stellar Disbursement Platform, enabling global bulk payments and financial access across 185+ countries and 10+ African nations respectively.

Meridian 2023, the annual Stellar conference held in Madrid, showcased major ecosystem developments including MoneyGram's non-custodial wallet launch, Circle's EURC stablecoin deployment, and significant upgrades to developer tools like the Anchor Platform and Stellar Disbursement Platform.

MoneyGram announced a non-custodial digital wallet launching Q1 2024 on Stellar, enabling users to convert between fiat and stablecoins with cash-out at 180+ countries. The wallet integrates MoneyGram's compliance screening and fiat on/off-ramp services.

Circle launched EURC, its euro-backed stablecoin, on Stellar as the third blockchain after Ethereum and Avalanche. The stablecoin enables 24/7 global transactions with low costs and near-instant settlement, with integration into aid disbursement systems and expansion by Ripio to Spain.

Tempo France and nTokens launched a remittance corridor from EU to Brazil using Stellar blockchain, enabling 170+ Brazilian banks to receive funds with lower costs, faster speeds, and enhanced security through the Tempo mobile app.

This article explains the importance of swap functionality and Automated Market Makers (AMMs) for financial inclusion, detailing how AMMs work, their advantages, and challenges like impermanent loss. It highlights how Soroban smart contracts on Stellar enable developers to build sophisticated AMM protocols for trustless, incentivized liquidity provision.

Beans, a non-custodial payments app on Stellar, announced major updates including a redesigned UI, support for Nigerian Naira and USD bank deposits/withdrawals via new partners Link and Kado, an in-app QR scanner, and a new support page. The app has doubled its user base over three consecutive months.

AssetDesk has secured an R&D grant from the Stellar Community Fund to develop the AssetDesk protocol, a new money markets protocol for Stellar's Soroban smart contracts platform. The protocol enables decentralized borrowing and lending with features like margin trading, flash loans, NFT lending, and stablecoin markets. It aims to enhance capital efficiency in Stellar's DeFi ecosystem.

Stablecoins are revolutionizing global payments and remittances by offering low fees, fast transactions, and stability pegged to fiat currencies like the USD. USDC and USDT, available on blockchains including Stellar, provide secure, 24/7 cross-border transfers. The article explores their advantages, top stablecoins, non-USD options like EUROC, and future potential with CBDCs.

The Stellar Newsletter highlights key developments including the launch of the open-source Stellar Disbursement Platform, Allbridge's cross-chain bridge connecting Stellar to Ethereum, Solana, Celo, and Polygon, and SDF's investment in MoneyGram International. It also promotes Meridian 2023 conference, developer tools for Soroban, and various ecosystem updates like Airtm's USDC integration and Q2 review. The content emphasizes Stellar's growth in interoperability, financial inclusion, and smart contract scalability.

The Stellar Development Foundation is accepting applications for its Female Founders Matching Fund, which provides $200K–$500K investments to female-led projects building on Stellar. Applicants must submit detailed information about their project, fundraising status, and planned Stellar integration.

Stellar Development Foundation invested in MoneyGram International as a minority investor, with CEO Denelle Dixon joining MoneyGram's board. The investment aims to support MoneyGram's digital transformation and blockchain exploration to serve underbanked populations globally.

The Stellar Development Foundation partnered with PwC US to create a framework for assessing blockchain protocols' electricity consumption and greenhouse gas emissions. The guide addresses CBDCs' potential for financial inclusion, interoperability, and sustainability on open networks.

A comprehensive guide to Stellar wallets covering types, features, and best practices for storing and sending lumens. The article explains wallet functionality, custodial vs. non-custodial options, and answers common questions about wallet usage and security.