DeFi, payments, tokenization, Soroban, governance, and project launches — curated daily from publications, project blogs, and community channels across the Stellar blockchain ecosystem.
The Stellar Development Foundation (SDF) announced a major restructuring at the Meridian event in Mexico City, burning 55 billion XLM to reduce total supply to 50 billion. They ended large giveaway programs and redirected remaining lumens to core development, ecosystem support, use-case investments, and targeted user acquisition. This new mandate focuses SDF on making Stellar the global payments standard through efficient, transparent spending.
The Stellar Monthly Roundup for September 2019 covers ecosystem updates including collaborations, AMAs, new hires at SDF, developer releases, community fund proposals, and ecosystem projects like Cowrie Systems and Bitbond. Highlights include the upcoming Meridian conference in Mexico City and a proposal to disable inflation. New features on stellarbeat.io and protocol upgrades prepare the network for future improvements.
Stellar Lumens (XLM) surged 30% in 24 hours following the Stellar Foundation's announcement of a 2 billion XLM airdrop to Keybase users, worth over $120 million. The price jump surprised markets despite theoretical downward pressure from airdrops, signaling strong market interest in the token.
Franklin Templeton filed an SEC prospectus for a money market fund whose shares would be recorded on the Stellar Network. The fund would invest in government securities and cash, with shares purchasable through the firm's app starting at $20 minimum.
Anchorage, an Andreessen Horowitz-backed institutional crypto custodian, is now supporting Stellar and Tezos assets. The firm offers staking rewards between 1-7% and aims to compete with Coinbase and BitGo for institutional investors.
Coinbase Pro announced it is listing Stellar Lumens (XLM), accepting deposits immediately with trading to follow once liquidity is established. XLM is not yet available on Coinbase's retail platforms. The listing comes after Coinbase identified XLM as a candidate asset last December.
Grayscale Investments added Stellar Lumens to its professional investment fund, marking the ninth crypto-asset listing and opening access to accredited investors earning $200k+. The move reflects institutional interest in Stellar's cross-border payment infrastructure.