Homonym: Stellar (Astronomical)
Stellar is a decentralized blockchain platform designed to facilitate cross-border transactions and improve financial inclusion. It enables users to send money quickly and securely, with low fees, making it an attractive option for remittances and international payments. Stellar's native cryptocurrency, XLM, plays a crucial role in its ecosystem, acting as a bridge currency for various fiat currencies.
Founded in 2014 by Jed McCaleb, Stellar aims to connect financial institutions and reduce the cost of transferring money globally. The platform's unique consensus mechanism allows for fast transaction processing, making it a viable alternative to traditional banking systems and enhancing access to financial services for underserved populations.