What is Stellar used for?

Stellar is primarily used for fast, low-cost cross-border payments, remittances, and tokenizing assets. It bridges traditional financial systems with blockchain technology.

How fast are Stellar transactions?

Stellar transactions typically confirm within 3-5 seconds, making it one of the fastest blockchain networks for payments.

Why does Stellar require a minimum balance?

Stellar requires a minimum balance (around 1 XLM) to keep an account active. This prevents spam and network abuse. The reserve may change based on network governance votes.

Is XLM different from Ripple (XRP)?

While Stellar was founded by a Ripple co-founder, they are separate projects. Stellar focuses on individuals and cross-border payments, while XRP/Ripple targets banks and financial institutions.

Can I swap XLM on SyntheticSwap?

Yes, SyntheticSwap supports XLM swaps with no KYC required. You can exchange Stellar Lumens for Bitcoin, Ethereum, stablecoins, and hundreds of other assets.

Home/Supported Coins/Stellar

Stellar

Bridging Global Finance on the Blockchain

Launch Year

2014

Consensus

Stellar Consensus Protocol

Max Supply

50,000,000,000 XLM

Block Time

~5 seconds

XLM

Stellar

Price—

24h Change—

Market Cap—

Volume (24h)—

Circulating Supply—

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About Stellar

Stellar (XLM) is an open-source blockchain network designed to facilitate fast, low-cost international money transfers and digital asset exchanges. Founded in 2014 by Jed McCaleb (co-founder of Ripple) and Joyce Kim, Stellar's mission is to connect people, payment systems, and financial institutions. Its native currency, Lumens (XLM), is used to pay transaction fees and facilitate currency conversions. Stellar is particularly well-suited for cross-border payments, remittances, and tokenizing real-world assets.

History

2014

Stellar Development Foundation launched by Jed McCaleb and Joyce Kim

2015

Stellar network upgraded to Stellar Consensus Protocol, separating from Ripple

2017

IBM partners with Stellar for cross-border payment corridors

2019

Stellar Foundation burns half of its XLM supply, reducing total to 50 billion

2021

USDC launches on the Stellar network for fast stablecoin transfers

2023

Stellar expands Smart Contracts capabilities with Soroban launch

How to Swap XLM

Swapping Stellar (XLM) on SyntheticSwap is simple and requires no registration or KYC. Connect your personal crypto wallet, select XLM as your source or destination asset, enter your receiving wallet address, and confirm the live exchange rate. Once you send XLM to the deposit address provided, SyntheticSwap processes the exchange automatically and delivers the destination asset directly to your wallet. No personal information is collected — fully non-custodial from start to finish.

How to Store XLM

Stellar XLM can be stored in wallets that support the Stellar network. The Stellar-specific Lobstr wallet is the most popular option, offering a clean interface for both desktop and mobile. LOBSTR and Solar Wallet are excellent choices for beginners. Hardware wallets like Ledger support XLM for secure cold storage. Always ensure you have the minimum required reserve (currently around 1 XLM) in your wallet to keep it active on the Stellar network.

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