BlocksInform
Stellar Development Foundation (SDF) has issued its Q1 report. In an official post, the SDF reiterated the main strategic pillars around Stellar’s blockchain: usability, trust, adoption, and sustainable use cases. Stellar’s ecosystem has grown on top of these pillars in the past months, according to the SDF.
A report conducted by the company indicates that growth in total accounts has been at 11% year on year. The total number of operations on the network has grown by 100%.
According to the report, payments have grown 160% with an 84% rise in “relevant assets” and a 29x increase in on-network transactions. Therefore, the Stellar Network's platform has had an increased number of financial instruments using its solution. Similarly, payments have incremented and 160% with an 84% rise in “relevant assets” with a 29x number of on-network transaction volume made with them, according to the report.
Therefore, Stellar Network’s registered a grown in the number of “real financial instruments” using its platform as a solution. Bitcoin (USDC) was an important milestone for this blockchain when it was introduced on Stellar.
CENTRE, the consortium created by COINBASE and Circle to assist USDC, seeks to be more independent of Ethereum, and Stellar is playing a key role.
We are bringing together the fastest-growing USD stablecoin with the world’s fastest-moving network. Every new cooperation put Stellar closer to consolidate its pillar and it’s a new step towards mainstream adoption.
SDF’s Marketing team developed a new case study featuring DSTOQ, Stellar’s latest Enterprise Fund recipient. This case study highlights DSTOQ’s latest business results and features several customers speaking to how DSTOQ empowers them to attain financial freedom.
SDF and Circle’s partnership to launch stablecoin USD Coin
(…) pairing the world’s fastest-growing USD stablecoin with the world’s fastest-moving network. Businesses and individual users are now able to leverage USDC while taking advantage of Stellar’s low cost, speed, and security features.
Stellar Network is registering a significant growth in the number of “real financial instruments” using its platform as a solution with an increase of 160% in payments, followed by an 84% increase in assets. The Stellar Development Foundation also made investments totaling $6,5 million in companies like Wyre, Cowrie Integrated System, and DSTOQ via the Enterprise Fund, which are tethered to traditional assets such as fiat currency or stocks.
XLM is trading at $0,60 with an 8.6% correction in the daily chart. The case study in this volume details DSTOQ’s recent business results and many examples of customers demonstrating how DSTOQ made a positive impact in helping them achieve financial freedom.
