XLM, or Stellar Lumens, is a digital currency used on the Stellar network, which facilitates fast and low-cost cross-border transactions. It was created to improve financial access and efficiency, especially for unbanked populations. The Stellar network connects banks, payment systems, and individuals, allowing for seamless transfers of money across different currencies. XLM operates on a decentralized platform, meaning it is not controlled by any single entity. Transactions are verified by a network of nodes, ensuring security and transparency. The currency can be used for various purposes, including remittances and micropayments, making it a versatile tool in the digital economy.