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Stellar Celebrates 10 Year Anniversary

July 3, 2024 By Crypto Reporter PR

The Stellar Development Foundation is kicking off our celebration of the ten year anniversary of the Stellar network by highlighting the dynamic partnerships, innovative developers, and real people who together make Stellar the network where blockchain meets the real world. Be sure to follow us on X and LinkedIn so you don’t miss out on a decade of building focused on real world utility and our plans for the next ten years of creating equitable access to the global financial system through blockchain technology.

The Stellar ecosystem has accomplished so much over the past decade. Together we’ve built a network with seamless cross-border payments, powerful asset tokenization tools, unrivaled cash-to-crypto gateways, a first-of-its-kind blockchain solution for aid disbursement, and a smart contracts platform purpose-built for developers who want to build with speed and scalability.

As we kick off our celebration, we wanted to share some fast facts about Stellar. Here’s to a decade of…

  • …Expanding financial access with over 8 million accounts (It’s about people, people)
  • …Proven real world utility with over 16 billion operations (We out here)
  • …Being able to move cash-to-crypto at over 450k locations worldwide (Blockchain, meet the real world)
  • …Transaction fees averaging $0.000065 (Feature, not a bug!)
  • …Fast, reliable ledger close times averaging 5.2 seconds (Any time, all year round, 24/7/365)
  • …and an ecosystem leading in real-world utility with over $1.6 billion in payments volume (Around the world)

Here’s what the ecosystem is saying:

  • “Through our work with the Stellar Development Foundation, MoneyGram has become the single largest on and off-ramp provider for digital currencies in the world. Our work to bridge the worlds of crypto and cash has been monumental, and we couldn’t have asked for a better partner in this endeavor. Stellar tech is unmatched, the ecosystem is one-of-a-kind, and Denelle’s leadership stands apart in the industry. Here’s to the next decade of expanding financial access together.” – Alex Holmes, Chairman and CEO, Moneygram International
  • “We celebrate Stellar’s decade-long journey of innovation and disruption! Alongside their exceptional team and technology, Airtm moves closer to its mission of empowering digital entrepreneurs, unlocking their path to financial independence.” – Ruben Galindo, CEO, Airtm
  • “Happy 10th, Stellar! The blockchain so good, users don’t even notice it. Thanks for making tech invisible and solutions shine!” – Wouter Arkink, Founder, Beans app
  • “Over the past decade, Stellar has transformed finance to the next level! It’s our go-to solution for clients seeking asset tokenization, stablecoins, CBDC pilots, cross-border payments and digital wallets.” – Marcelo Gracietti, CEO, Cheesecake Labs

Happy tenth anniversary, Stellar! Can’t wait to see what the partners and developers building in communities across the globe do next.

About Stellar

Stellar is a decentralized, fast, scalable, and uniquely sustainable network for financial products and services. It is both a cross-currency transaction system and a platform for digital asset issuance, designed to connect the world’s financial infrastructure. Financial institutions worldwide issue assets and settle payments on the Stellar network, which has grown to over 7 million accounts and processed more than 10 billion operations. For more information, visit stellar.org.

About the Stellar Development Foundation

The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of Stellar, an open-source network that connects the world’s financial infrastructure. Founded in 2014, the Foundation helps maintain Stellar’s codebase, supports the technical and business communities building on the network, and serves as a voice to regulators and institutions. The Foundation seeks to create equitable access to the global financial system, using the Stellar network to unlock the world’s economic potential through blockchain technology. For more information, visit stellar.org/foundation.

Filed Under: Press Releases

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