Earlier this month, a partnership deal emerged, in which Stellar holders would be able to access Moneygram locations to exchange USDC for cash, and vice versa, in person. Moneygram has over 350,000 locations in 200 countries. Stellar’s Chief Executive Officer Denelle Dixon said this was huge for Stellar as it effectively bridges the blockchain and…
The Stellar Development Foundation (SDF), the non-profit supporting the Stellar network, announced yesterday that Flutterwave, a global payments technology company, has launched two new remittance corridors between Europe and Africa on the Stellar network. Flutterwave would leverage the Stellar network and Stellar-based USD Coin to simplify remittances in Africa. Remittances are currently a multibillion-dollar market…
The price of Stellar XLM soared to as high as $0.39 on January 6. Having made a 31 month high, Stellar moved keenly back into the top ten, usurping Chainlink to take 9th place via market cap. Throughout this week, there has been no shortage of positive news concerning Stellar. For example, the Ukrainian central…
Stellar, the world’s 14th-largest cryptocurrency, was selected by the European country for the latter’s upcoming state-backed digital currency. Stellar selected Ukraine will deploy its upcoming Central Bank Digital Currency (CBDC) on the Stellar blockchain, as per a press release on Monday. The project will be overseen and conducted by the country’s Ministry of Digital Transformation…
One of Germany’s oldest banks said it was choosing the Stellar network to issue a Euro-backed stablecoin, in one of the first such instances. As per an official announcement on Wednesday, Bankhaus von der Heydt (BDNH) said it would launch the EURB stablecoin on the Stellar network this week. The development is a result of…
The price of XLM, the native cryptocurrency of the Stellar blockchain, has been showing strong momentum. There are three reasons why XLM saw a 166% rally in the past week. The potential reasons are the consolidation of Bitcoin, technicals showing overbought conditions, and social media traction. The 4-hour price chart of XLM. Source: TradingView.com Bitcoin is…