Ecosystem supporter
Stellar
Payment network and issuance rail, with lumens as its native asset.
- Launched
- 2014
- Native asset
- Lumens (XLM)
- Role
- Payments and issuance
Profile
Stellar is a public network built for payments and for issuing assets. Its native asset is the lumen, traded as XLM. The Stellar Development Foundation supports the protocol. Transactions are designed to settle quickly and at a low fee, which is why payment firms and asset issuers have used the network for cross border movement and for simple token issuance.
A lumen is not a claim on a bank deposit. It is the network native asset, used to pay fees and to keep accounts open. Anyone reading a Stellar based product should separate the network, the lumen, and the asset a company chooses to issue on top of it. Those are three different things.