WHAT IS STELLAR (XLM)
Stellar (XLM) is a digital asset designed to facilitate low-cost, high-speed cross-border transactions. Created by Jed McCaleb and Joyce Kim in 2014, Stellar aims to create a more inclusive financial system, especially for those who do not have access to traditional banking services¹².
Some of Stellar’s (XLM) key features include:
- **Fast and Low-Cost Transactions**: Stellar enables the transfer of assets between countries quickly and at low cost¹.
- **Custom Token Creation**: Users can create custom tokens on the Stellar blockchain for a variety of purposes, such as representations of fiat currencies, tokenized securities, and stablecoins¹.
- **Decentralization**: Stellar is a decentralized payment network that is not controlled by a single entity
