
Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.

To Watch This Week
AIRDROPS + ALPHAAug 15, 2024

DeFi
Phoenix Rising: Building the ‘One-Stop Shop’ for DeFi on Stellar
With the launch of the Soroban smart contract platform on Stellar, developers are rushing to create decentralized apps (dapps) and platforms within the Stellar ecosystem. Among the first to launch is the Phoenix DeFi Hub, which aims to be the “one-stop shop” for decentralized finance (DeFi) on Stellar, its creators told Decrypt. “We're going to be launching a bunch of DeFi protocols that all synergize with each other and drive value,” said Phoenix Marketing Director Griffin Williams. First up is...
Jul 9, 2024

Technology
Stellar Network Brings DeFi to the Unbanked With Smart Contract Platform
Banking the unbanked has been touted as one of the core use-cases of crypto since its inception—but the industry’s faced challenges in the form of high transaction fees and a lack of dedicated infrastructure. The launch of the Soroban smart contract platform on Stellar is aiming to change that. Launched earlier this year with the Protocol 20 update, the upgrade to the Stellar network introduces smart contracts into the Stellar ecosystem—and aims to bring the industry closer to its goal of becomi...
Sep 26, 2023

Coins
Circle’s EURC Stablecoin Launches on Stellar Network
Stablecoin issuer Circle has joined forces with the Stellar Development Foundation to launch its EURC fiat-backed stablecoin on the Stellar network. Similar to the U.S. dollar-backed USDC—the crypto industry’s second-largest stablecoin— —EURC maintains a 1:1 peg with the euro under a full-reserve model, Teana Baker Taylor, Circle's VP of policy and regulatory strategy for EMEA announced today during Stellar’s annual Meridian conference in Madrid. Stellar is now the third blockchain network on wh...
Sep 4, 2023

Markets
XLM Surges 10% As Stellar Teases 'Something Cool' on the Horizon
XLM, the native token of the Stellar blockchain, is leading the predominantly sideways crypto markets on Monday, with a remarkable 10% price surge over the past 24 hours. The latest spike took the price of XLM to a weekly high of $0.125, up nearly 5% on the week, according to data from CoinGecko. With a market capitalization of $3.4 billion, XLM is currently the world’s 22nd largest cryptocurrency. While it’s not immediately clear what caused the recent XLM spike, it follows a Twitter/X post on...
Aug 15, 2023

Business
Stellar Invests in MoneyGram in Bid to Be a ‘Digital-Forward’ FinTech Leader
Cross border crypto payments network Stellar today announced an investment in major money transfer company MoneyGram International. In a Tuesday statement, the foundation behind XLM said it had become a minority investor in MoneyGram using money from its own cash treasury. The Stellar Development Foundation's Director of Communications and Public Affairs Ellen Canale told Decrypt that the "investment isn't specific to any particular work" but because "we are confident in the organiz...
Dec 14, 2021

Technology
Ukraine’s Central Bank Oversees Digital Currency Pilot Using Stellar
Editor's note: The original headline stated that Ukraine's central bank would run the pilot. It has been changed to reflect that the pilot is being launched by TASCOMBANK and Bitt under the central bank's supervision. The Stellar Development Foundation announced today that the Stellar blockchain will be used to pilot an electronic version of the hryvnia, the national currency of Ukraine. The pilot, being carried out by FinTech firm Bitt and TASCOMBANK, will be overseen by the country's central b...
Jul 22, 2021

Business
Stellar Foundation Eyes MoneyGram Takeover
Stellar Development Foundation, a non-profit organization supporting the development and growth of the Stellar network, has tentatively contacted MoneyGram International about a potential takeover, Bloomberg reported on Wednesday. Citing unnamed people familiar with the matter, Bloomberg claims that Stellar is working on the potential acquisition in partnership with Advent International, a Boston-based private equity firm specializing in international buyouts. According to the report, no final...
May 14, 2021

Coins
Proof of Stake Coins Surge After Elon Musk Trashes Power Hungry Bitcoin
Several proof-of-stake cryptocurrencies have increased in price since Elon Musk backtracked on Bitcoin two days ago. In a tweet earlier this week, Musk announced that Tesla had suspended vehicle purchases made in Bitcoin. “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” he said. Since that tweet, the Tesla CEO doubled down, saying that it is “high time for a carbon tax,” and that wh...
Apr 11, 2021

Coins
Stellar and XRP Surge 20% While Bitcoin and Ethereum Stagnate
Stellar (XLM) has surged by 20% overnight to reach 63 cents a coin. The last time XLM crossed 60 cents was, very briefly, back on February 13, but for the three years prior its price has stayed below 50 cents. In fact, the last time XLM traded above 50 cents was back around the time it reached its all-time high of 93 cents back in January 2018. Stellar co-founder and CTO Jed McCaleb is surely doubly happy this morning. XRP, the coin of the other project the American crypto entrepreneur founded...
Apr 6, 2021

Technology
Stellar Cryptocurrency Nodes Go Dark for 9 Hours and Counting
Nodes for the Stellar Development Foundation (SDF)—the organization that supports development on the Stellar network—have stopped validating transactions for the blockchain. According to a statement from SDF, the outage occurred around 1:00 am PDT. "The SDF's public Horizon API instance is also temporarily down," it said in a statement. "However, the Stellar network is still online [emphasis SDF's]." What's happening? @StellarOrg pic.twitter.com/MwYCy39vLg — ftso.eu (@ftso_eu) April 6, 2021 It...
Jan 26, 2021

Coins
Signal Is Experimenting With Stellar-Based Cryptocurrency: Report
Private messaging app Signal is said to have conducted experiments for a cryptocurrency offering for users, as per a report by technology newsletter Platformer earlier today. Experiments for such a token project were done on MobileCoin, a privacy cryptocurrency based on Stellar, the world’s eleventh largest blockchain by market cap. Signal CEO Moxie Marlinspike served as an adviser to MobileCoin, indicating how the two projects could have overlapped. Work on Crypto payments integration w Mobile...
Jan 6, 2021

Markets
Price of Stellar (XLM) Doubles in Just 24 Hours
The price of cryptocurrency Stellar (XLM) increased by more than 100% today, reaching up to $0.38—a high not seen in over two years, according to CoinMarketCap. At press time, XLM is trading at $0.3512—up 103.88%. This has pushed the token’s total market capitalization to over $7 billion, making it the ninth biggest cryptocurrency. One of the main reasons for such a surge could actually be the legal problems that Ripple Labs, the company behind XRP, is currently facing, some experts noted. As D...
Dec 3, 2020

Coins
Legacy German Bank to Start a Crypto Fund Next Year
Hauck & Aufhäuser, a German mid-sized bank founded in 1796, will launch a passively managed crypto fund in January 2021, it announced earlier today. Germany's mid-sized traditional bank Hauck & Aufhäuser (founded back in 1796) starts crypto fund as of January 2021 - https://t.co/Y44328fReP — Philipp Sandner (@philippsandner) December 3, 2020 The fund, officially the HAIC Digital Asset Fund I, will hold Bitcoin, Ethereum, and Stellar, among others, and is aimed at high-net worth investors and i...
Nov 24, 2020

Markets
Stellar Price Spikes 60% as Altcoins Ride the Bitcoin Boom
Stellar (XLM) is up more than 60% today and 111% for the week, as prices continue to surge alongside Ripple (XRP) and other altcoins. XLM is currently trading for around $0.190 per coin. That's its highest price in more than two years. Meanwhile, XRP, a closely related crypto asset, has exploded over the past few days, approaching $1 before heading back down to around $0.70. The altcoin rush comes on the heels of a historic Bitcoin bull run. The price of Bitcoin is up 10% over the last seven da...
Nov 21, 2020

Coins
Argentina and Brazil Get Their Own Stellar Stablecoins
In a world where banks can make international transactions very slow, if not downright difficult, blockchain technologies can provide a safe, fast, and efficient alternative for sending money. However, the volatility associated with cryptocurrencies makes them a little scary for most of the world's population. With this in mind, Settle Network and Stellar are issuing two stablecoins in Latin America. The ARST is tied to the Argentine peso, while the BRLT is tied to the Brazilian real. Bitcoin tr...
Oct 17, 2020

Coins
Stellar Price Rises by 10% After USDC Heralds it as "Official Chain"
Good news for Stellar owners today, who through no effort of their own increased the value of their holdings by 10% in the past 24 hours. The value of a single Stellar, or XLM, is now $0.08. The price hike could perhaps be attributed to Thursday's announcement that USDC, the US dollar-pegged stablecoin led by Coinbase and Circle, will integrate with the Stellar blockchain at the start of next year. Announcing Circle's USDC support for Stellar across its suite of payments infrastructure APIs an...
Oct 15, 2020

Coins
USDC Continues Move Away From Ethereum, Heads to Stellar
USDC, the US dollar-pegged stablecoin managed by Circle and Coinbase, is coming to the Stellar blockchain, Circle announced today. Circle will add USDC support to Stellar’s vast array of products, among them payments tools, infrastructure APIs and business accounts products, by the first quarter of next year. That means that these businesses can soon start using the Stellar-ized version of USDC. Announcing Circle's USDC support for Stellar across its suite of payments infrastructure APIs and b...
Jul 15, 2020

Business
Samsung Galaxy smartphones add support for Stellar blockchain
The Stellar Foundation, the non-profit that operates the Stellar network, today announced that Stellar has been integrated into the Samsung Blockchain Keystore. Stellar is the fifth cryptocurrency network to integrate with the Blockchain Keystore, following Tron, Ethereum, Bitcoin and Klaytn. The integration means that Stellar users can safely store their private keys on Samsung Galaxy Smartphones, which have a special wallet built into them. With the private keys stored on the Samsung Blockch...
May 28, 2020

Business
Stellar Foundation invests $550,000 more in SatoshiPay
Blockchain micropayments service SatoshiPay has secured a strategic investment of $550,000 from The Stellar Development Foundation (SDF)—the non-profit behind the cryptocurrency Stellar. According to a press release today, this is the third investment made by the SDF in SatoshiPay, and it’s supposed to primarily help the micropayments provider to develop and market its new B2B commercial solution for cross-border payments. 🚀 We are extremely happy to announce that @StellarOrg has made a strate...
May 12, 2020

Business
Stellar wants to be the chosen platform for a digital dollar
Today the Stellar Development Foundation shared its lofty goal to become the next global payment standard. How it will get there, however, depends on whether governments choose to harness Stellar's permissionless network for Central Bank Digital Currencies (CBDCs). Since the talk, the price of Stellar has shot up 11%—beating the rest of the market. Speaking during Consensus distributed, Stellar CEO, Denelle Dixon, kicked proceedings off with an applicable nod to the current financial crisis. "...