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What is Stellar?

Stellar is a decentralized protocol that enables you to send money to anyone in the world, instantly, for free. The Stellar network is an open blockchain that allows anyone to build low-cost financial products for their community.

The protocol is supported by a non-profit, the Stellar Development Foundation.

Stellar Chart

Who Are the Founders of Stellar?

The Stellar Development Foundation (SDF) is a non-profit organization that was founded in 2014 by Jed McCaleb and Joyce Kim. Jed McCaleb is the co-founder of Ripple and eDonkey2000, and he also created the Mt. Gox exchange. Joyce Kim is a venture capitalist and entrepreneur who has founded two startups, Soompi and

The SDF’s mission is to “promote global financial access, literacy, and inclusion.”

Stellar Live Price

Stellar (XLM)
Rank: 39
$ 0.090971
Price (BTC)
$ 2.64 B
$ 71.60 M
24h Change
Total Supply
50.00 B XLM

How does Stellar work?

To understand how Stellar works, it’s important to understand some key terms:

  • Ledger: The Stellar network is a decentralized ledger of all activity in the network. This means that every transaction made on the Stellar network is recorded on a public, decentralized ledger.
  • Anchors: Anchors are institutions like banks, money service businesses, and mobile wallets that hold your deposits and issue credits into the Stellar network.
  • Path payments: A path payment is a type of transaction that allows you to send a currency to someone even if you don’t have that currency. For example, if you want to send USD to someone but only have EUR, the Stellar network will find a path from your EUR to the recipient’s USD.