Stellar Ecosystem
News

SDF's Q4 2020 report highlights landmark achievements including USDC integration, Protocol 15 launch with Claimable Balances and Sponsored Reserves, strategic partnerships with Ukraine's Ministry of Digital Transformation, and record network growth with 1819% increase in assets.

Stellar Development Foundation will partner with Ukraine's Ministry of Digital Transformation to develop the country's CBDC and virtual asset infrastructure, including stablecoin regulation. The collaboration marks SDF's continued expansion into government digital currency projects across multiple countries.

Velo Labs' partners Lightnet Group and SEBA Bank completed the first live transaction on the Federated Credit Exchange Network (FCX), exchanging vUSD and vCHF digital credits pegged to fiat currencies using VELO tokens as collateral and settlement.

Stellar Development Foundation celebrated 2020 as a landmark year, processing 1.553 billion total operations on the network and growing from 12 to 20 anchor services. The ecosystem saw 61% growth in relevant assets and 21X increase in transaction volume, driven by strategic focus on network robustness, trust, and sustainable use cases.

The Stellar Development Foundation invested $3 million in Settle Network, a LATAM-based stablecoin settlement platform. The investment, SDF's fourth enterprise fund allocation in 2020, will support Settle's expansion of fiat-to-crypto services and StableX, the world's first stablecoin exchange.

SatoshiPay integrates Bankhaus von der Heydt's euro-backed stablecoin (EURB) into its cross-border payment service DTransfer. The EURB launched on Stellar via a partnership between the 270-year-old German bank and Bitbond, providing regulatory-compliant EUR transfers across the Single Euro Payments Area.

Germany's Bankhaus von der Heydt, established in 1754, is issuing a euro stablecoin on Stellar in partnership with Bitbond, marking the first direct stablecoin issuance by a traditional banking institution on the network.

Circle announced USDC stablecoin support on Solana, partnering with Alameda Research and FTX. The expansion follows earlier additions of Algorand and Stellar, with Stellar support launching next year to boost USDC adoption in remittances.

Stellar CEO Denelle Dixon will speak on a panel at the IMF's annual meeting about the private sector's role in cross-border payments, alongside leaders from eCurrency, Mastercard, and Celo. The panel will be webcast on October 19.

Circle announced USDC stablecoin integration with Stellar blockchain starting Q1 2021, triggering a 10% price surge in XLM to $0.08 and doubling trading volumes. USDC becomes Stellar's first major USD-pegged stablecoin.

Circle announced USDC stablecoin support for Stellar blockchain by Q1 2021, making Stellar the third network to support USDC after Ethereum and Algorand. The move expands Circle's multi-chain strategy and enables Stellar developers to build financial inclusion solutions.

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.

StellarTerm announces major updates including a redesigned onboarding process, renewed Send form with SEP-0029 support, full Deposit/Withdraw functionality via SEP-0024, improved trading interface, desktop builds, hardware wallet support, and a new Help Center.

Revolut, a U.K.-based fintech firm, has added Stellar Lumens (XLM) to its cryptocurrency trading platform in response to user demand. The move is part of a broader effort to overhaul its crypto product and give customers legal ownership of their digital assets.

Samsung Galaxy smartphones now support Stellar blockchain through integration with Samsung Blockchain Keystore, enabling users to store Stellar private keys and developers to build blockchain apps for Galaxy devices.

Stellar has been integrated into Samsung Blockchain Keystore, becoming the fifth cryptocurrency supported alongside Bitcoin, Ethereum, Tron, and Klaytn. Samsung Galaxy users can now securely store private keys and sign transactions on Stellar dapps.

Ledger Wallet offers a secure way to buy over 80 cryptocurrencies, including Stellar, directly into users' non-custodial hardware wallets using fiat or crypto. It aggregates providers like Moonpay and Ramp for competitive pricing and ensures self-custody from the start. The feature emphasizes ease-of-use, clear transaction signing, and hardware-level security to prevent common risks associated with centralized exchanges.

The Stellar Development Foundation partnered with Elliptic to integrate crypto-asset risk management and AML compliance tools into the Stellar network, enabling businesses to conduct enhanced compliance checks on assets from issuance to redemption while maintaining the network's built-in compliance functionality.