Stellar XLM
Cryptocurrency · Layer 1 · launched in 2014
№16of 40 004
- $0.1812
- Price −4.58%
- $6.05 billion
- Capitalization
- $103.21 million
- Volume over 24 hours
- 0.22%
- Dominance
About the coin
- Circulating supply
- 35.23 billion XLM
- Total supply
- 50 billion XLM
- Maximum supply
- 50 billion XLM
- Fully diluted capitalization
- $8.58 billion
- 24h high
- $0.1910
- 24h low
- $0.1785
Stellar (XLM) is a decentralized payment platform launched in 2014 by Jed McCaleb to integrate financial institutions and conduct cheap international transactions. The project aims to provide banking services to people without access to traditional financial systems. It is built on the unique Stellar Consensus Protocol (SCP) algorithm, which ensures transaction confirmation in just a few seconds with microscopic fees.
The network architecture allows instant tokenization, exchange, and transfer of any fiat currencies and digital assets. The native XLM coin (Lumen) serves as an intermediary for currency pair conversion and protects the system from spam attacks.
Additional information
FAQ
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Stellar is an open decentralized Layer 1 payment platform. It was created to unite financial institutions, banks, and payment systems worldwide. The project's main goal is to provide instant, reliable, and nearly free cross-border transfers of any currency types (both digital and traditional fiat).
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The native cryptocurrency of the network is called Lumens (ticker XLM). It serves two important roles: it protects against spam attacks (each account must have a minimum balance of 1 XLM, and transaction fees are fractions of a cent), and it acts as a universal bridge for instant conversion of different currencies during exchanges (for example, when transferring dollars to euros).
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The Stellar network operates on a unique Stellar Consensus Protocol (SCP) algorithm that uses the concept of Federated Byzantine Agreement (FBA). Unlike PoW or PoS, there is no energy-intensive mining or traditional staking. Validators form trusted quorums and reach consensus in 2–5 seconds, ensuring phenomenal network speed.
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The platform was launched in 2014 by Jed McCaleb (Ripple co-founder) and Joyce Kim. Although Stellar initially based its code on Ripple, the project quickly transitioned to its own SCP technology. The key difference is that Stellar is managed by a non-profit foundation (SDF) and targets ordinary people and retail micropayments, while Ripple (XRP) was designed for interbank settlements.
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Yes, Stellar's built-in architecture allows users and companies to instantly issue ("anchor") digital tokens linked to real assets — dollars, gold, stocks, or other cryptocurrencies. Such gateways (Anchors) accept fiat deposits and issue credit tokens on the Stellar network in return, which can then be freely transferred and traded on the built-in decentralized exchange (DEX).
Legal status of crypto assets in Uzbekistan
This section is for reference only and shows global market data. MONIQ is not a crypto asset service provider, does not carry out operations with crypto assets and does not give individual investment advice.
- Crypto assets are not legal tender in the Republic of Uzbekistan: they cannot be used to pay for goods and services, except in cases directly established by law.
- Residents may buy, sell and exchange crypto assets only through providers licensed by the NAPP — crypto exchanges, crypto shops, crypto depositories and mining pools registered as legal entities resident in Uzbekistan.
- The register of licences is maintained by the National Agency of Perspective Projects. Licences are issued and revoked, so the composition of the register changes — check the status of a venue at the moment of the transaction.
- Until 1 January 2029 transactions with crypto assets are not subject to taxation, and income from them is not included in aggregate income.
- Crypto assets are not traded on the RSE «Toshkent» and are not available through a broker account. There are no guaranteed returns, investments are not insured, and the price may change by tens of percent in a short time.
The information does not replace legal advice. Regulation changes — before any transaction check the current wording of the law and the register of licences at .