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What is stellar cryptocurrency?

The Stellar blockchain's cryptocurrency is called the lumen, a token that trades under the symbol XLM. Stellar is one of the best-performing altcoins, with a market cap of just over $3.3 billion. Stellar is operated by the Stellar Development Foundation, a nonprofit organization founded by Jed McCaleb.

Where to buy stellar stock?

If you would like to know where to buy Stellar at the current rate, the top cryptocurrency exchanges for trading in Stellar stock are currently Binance, UEEx, OKX, Bybit, and CoinTR Pro. You can find others listed on our crypto exchanges page. The live Stellar price today is $0.1184 USD with a 24-hour trading volume of $126,423,637.44 USD.

What happened to stellar XLM in 2019?

In 2019, Stellar burned, or removed, more than 50 percent of its supply, slashing its total supply cap to 50 billion. Prices jumped by more than 14% within an hour of the announcement, as the remaining tokens in circulation became scarcer. XLM’s price hit an all-time high of $0.86 during the 2017 crypto bull run.

Is stellar a 'tokenised' mutual fund?

In 2021, Franklin Templeton launched the first “tokenised” US mutual fund using Stellar. In 2015, it was announced that Stellar was releasing an integration into Vumi, the open-sourced messaging platform of the Praekelt Foundation in South Africa.

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