Stellar is a decentralized, open-source network that allows payments and money transfer between different currencies. With this cryptocurrency, digital representation of currency like- bitcoin and dollar – is used to trade, create and send to recipients.
Sustained by a Delaware non-profit organization, all financial systems can use it on a sole network. The network system debuted in 2014, created by Jed McCaleb, the co-founder of ripple and founder of Mt.Gox together with Joyce Kim, a former lawyer.
It comes with a native currency and a decentralized open-source blockchain network. When introduced to the market, they released an allocated sum of $100 billion stellar; non-profit organizations received 25% for financial inclusion.
This token is cheaper, faster, and more energy-efficient than the average cryptocurrency tokens. And since launched, it has processed over 450 transactions on 40 million accounts.
Currently, Stellar is stable in the market, and from the partnership being signed, a rise to the token value is being projected.
Here you can see the live XLM price and a graph with its evolution.