What's going on with Stellar?

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(Edited)

This one hasn't had so much publicity, at least on Leo Finance.

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[source]https://coincap.io/assets/stellar
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Sometimes when you open an old wallet you notice a token that you haven't thought about or even remember buying it. That's what got me looking at the Stellar project again.

Intro to Stellar, from their website.

Stellar is an open-source network for currencies and payments. Stellar makes it possible to create, send and trade digital representations of all forms of money—dollars, pesos, bitcoin, pretty much anything. It’s designed so all the world’s financial systems can work together on a single network.
(source)
https://www.stellar.org/learn/intro-to-stellar

Again, something I haven't really thought about, the ability to trade with most currencies. I haven't ever had the need for this but can see how it could be important for people with an international network in business.

I decided to look at their roadmap, it's pretty simple and sweet.

Support the robustness and usability of Stellar;
Help Stellar be the blockchain people know and trust; and
Foster and develop sustainable Stellar use cases for cross-border payments and securitized assets.

They have their own DEX.
https://www.stellarx.com/
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This is a little unexpected, I didn't know they are still moving up on the top 10 cryptos!

Stellar has been trading inside a strong uptrend for the past week and it’s on the verge of another significant breakout in the short-term. The digital asset has reached a market capitalization of $8 billion and aims to overtake Bitcoin Cash for the 10th place.
(source)
https://www.fxstreet.com/

Where did Stellar come from?

Originally a fork of the Ripple protocol, Stellar was founded by Jed McCaleb and Joyce Kim in 2014 following internal conflicts in Ripple’s management.
(source)
https://cointelegraph.com/tags/stellar

That doesn't please me very much, and from what I can see they call themselves a decentralized blockchain but are in bed with the same people we like to avoid. The only recent news I can find is that the Stellar blockchain can be used to pay with USDC, the second-largest stable coin. It should open them up to swap on the ETH network I guess.

Is this one worth holding? I would like to hear from the Leo Lions what you think about this one and is it worth keeping or something you would run away from?

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@mariosfame @krunkypuram

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Thank you for reading my blog and have a great day!


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hive-167922 stellar crypto sgslife palnet leofinance
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9 comments
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From a glance and spending some time on their site, I don't like where they put their information. I had to go to google to find out information about fees, minimum balances and etc. I think if they want to attract users, the information about how to get started and everything should be in an easy to find place.

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Stellar seems to be in talks with the Ukrainian government to help them develop their own CBDC on the Stellar blockchain. I remember this thing was around 5 cents less than a year ago...

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That's good news I think I've heard that somewhere on here, yeah I think I bought it at around $0.07 at time.

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