Crypto.com | Stellar (XLM) Price Today: XLM/USD Live Price, News, Charts | Crypto.com

All Coins

Stellar

XLM

Stellar

XLM

$0.3844

1H

24H

1W

1M

3M

6M

1Y

ALL

The Stellar price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.

Buy

Sell

One time

USD

10

USD

XLM

XLM

≈

26.0167

XLM

$50

$150

$500

Pay with

Google Pay

Apple Pay

USD Account

1-2 business days • No fees

Credit/debit card

Instant •

2.99%

0% fee first 30 days

About Stellar

Stellar Price Summaries

Stellar's price today is $0.3844, with a 24-hour trading volume of $328.36M. XLM is -5.80% in the last 24 hours. It is currently -7.17% from its 7-day all-time high of $0.414, and 6.16% from its 7-day all-time low of $0.3621.XLM has a circulating supply of 31.98B XLM and a max supply of 50B XLM.

Stellar is an open-source payment network that connects financial institutions to make it easy to create, send, and trade digital representations of all forms of money. Its primary goal is to provide fast, low-cost cross-border transfers and financial services to individuals in developing economies who may not have access to traditional banking. The network's native cryptocurrency, **Stellar Lumen (XLM)**, is a utility token that powers the network.

***

A Brief History of Stellar

Stellar was launched in 2014 by Jed McCaleb, a co-founder of both Mt. Gox and Ripple, and Joyce Kim. Shortly after its launch, they partnered with Stripe CEO Patrick Collison to create the **Stellar Development Foundation (SDF)**, a non-profit organization that supports the network's development. During its Initial Coin Offering (ICO), the project raised $39 million and initially deployed 100 billion lumens. In November 2019, the SDF conducted a controversial token burn, destroying over 50 billion XLM, which resulted in a short-lived price increase of over 25% in 48 hours. The network gained almost 3 million users within its first year.

How Stellar Works

Stellar functions like other decentralized payment technologies, maintaining a network of decentralized servers and a distributed ledger that updates every 2 to 5 seconds. However, its most significant difference is its consensus protocol, the **Stellar Consensus Protocol (SCP)**. Unlike Bitcoin's Proof of Work (PoW) system, SCP does not require the entire network to approve transactions. Instead, it uses a unique algorithm called the **Federated Byzantine Agreement (FBA)**. This algorithm allows each node to select a group of "trustworthy" nodes, called a "quorum slice." A transaction is considered valid once it's approved by all the nodes within that specific slice. This process makes Stellar's network exceptionally fast, capable of processing up to 1,000 transactions per second.

What is Stellar Used For?

Stellar's primary use case is facilitating seamless, low-cost, and fast cross-border payments. It allows users to create, send, and trade digital representations of any form of money, whether it's dollars, euros, pesos, or other cryptocurrencies like Bitcoin.

The Stellar network also allows for the **tokenization** of any asset. Users can issue a token that acts as a tradable, redeemable representation of a real-world asset, such as gold, shares, or even a unit of time. The Stellar protocol then connects buyers and sellers, enabling a distributed exchange mode. This functionality is especially useful for cross-border transfers and payments, as it links financial institutions and dramatically reduces transaction costs and time delays.