Stellar (XLM), explained: What it is and how it works

Learn how Stellar (XLM) enables seamless transactions, promotes financial inclusion, and supports a decentralized digital economy.

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Stellar is a decentralized payments network designed to offer fast, secure and cost-effective cross-border transactions. Established in 2014, Stellar facilitates near-instant global payments and currency exchanges.

The platform connects individuals, banks and payment systems to transfer currencies reliably and almost instantaneously at a fraction of traditional costs. It has positioned itself as a robust cross-border remittance tool, enabling the transfer of all forms of money and value, whether a fiat currency like the US dollar or euro or a cryptocurrency such as Bitcoin (BTC).

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