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<!DOCTYPE html><html lang="en"><head><meta charSet="utf-8"/><meta name="viewport" content="width=device-width"/><title>undefined ($XLM) Price, Wiki, Data and Crypto News | HackerNoon </title><meta property="og:title" content="undefined ($XLM) Price, Wiki, Data and Crypto News | HackerNoon"/><meta name="description" content="Stellar (XLM) is a cryptocurrency . Stellar has a current supply of 50,001,788,148.14908 with 24,557,061,246.025616 in circulation. The last known price of Stellar is 0.18111084 USD and is down -3.14 over the last 24 hours. It is currently trading on 407 active market(s) with $273,107,555.47 traded over the last 24 hours. More information can be found at https://www.stellar.org."/><meta name="monetization" content="$ilp.uphold.com/z7rXWqEwUBrf"/><meta property="og:description" content="Stellar (XLM) is a cryptocurrency . Stellar has a current supply of 50,001,788,148.14908 with 24,557,061,246.025616 in circulation. The last known price of Stellar is 0.18111084 USD and is down -3.14 over the last 24 hours. It is currently trading on 407 active market(s) with $273,107,555.47 traded over the last 24 hours. 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alt="paint-brush" srcSet="https://hackernoon.imgix.net/brush2.png?w=25&auto=format&fit=max 1x, https://hackernoon.imgix.net/brush2.png?w=25&auto=format&fit=max 2x" src="https://hackernoon.imgix.net/brush2.png?w=25&auto=format&fit=max" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%" loading="lazy"/></noscript></span></div></div></div></header><div style="position:fixed;z-index:9999;top:16px;left:16px;right:16px;bottom:16px;pointer-events:none"></div><main class="sc-bd9bce3e-1 cvudDQ"><div class="sc-5d583472-0 cEBlcf"><div class="back small"><a href="/coins" class="sc-9959a49c-0 eIUJtk">< Back to Coins</a></div><div class="header"><img src="https://s2.coinmarketcap.com/static/img/coins/64x64/512.png" width="64" height="64"/><h2><span>Stellar STORIES AROUND THE WEB</span></h2><span class="symbol">#XLM Price, Data, History and Stories | HackerNoon</span><span></span><div class="actions"><button class="buy">Trade XLM</button><button class="sc-b3d23cc4-0 jECpNX subscribe"><span>+ Subscribe to Stellar news <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 22 14" width="22"><path d="M21 1V0H2v1H1v1H0v11h1v1h20v-1h1V1h-1ZM3 12H2V2h1v10Zm8-2H5V5h6v5Zm9 0h-8V9h8v1Zm-8-2V7h7v1h-7Zm8-2h-8V5h8v1Zm0-2H5V2h15v2Z"></path><path d="M6 6h4v3H6z"></path></svg></span></button></div></div><div class="tag-line"><span>Stellar (XLM) is a cryptocurrency . Stellar has a current supply of 50,001,788,148.14908 with 24,557,061,246.025616 in circulation. The last known price of Stellar is 0.18111084 USD and is down -3.14 over the last 24 hours. It is currently trading on 407 active market(s) with $273,107,555.47 traded over the last 24 hours. More information can be found at https://www.stellar.org.</span></div><div class="small info">All <span class="green">+</span>/<span class="red">-</span> % changes are for a 24 hour window</div><div class="side-by-side"><div class="price mint"><span class="section-title">Price</span><div class="section-data"><span>$0.34</span><span class="red">-0.69%</span></div></div><div class="spacer"></div><div class="market-cap mint"><span class="section-title">Market Cap</span><div class="section-data"><span>$10,553,880,995</span><span class="red">-1.41%</span></div></div></div><div class="side-by-side"><div class="trading-volume mint"><span class="section-title">Trading Volume</span><div class="section-data"><span>168,438,717.426</span><span class="red">-27.00</span></div></div><div class="spacer"></div><div class="circulating-supply mint"><span class="section-title">Circulating Supply</span><div class="section-data">30,613,001,752<span class="red">-0.000005%</span></div></div></div><div class="social-mentions mint"><span class="section-title">Stellar (#XLM) Stories Around the Web</span><div><span class="small">Stories via Bing News</span></div></div><div class="coin-description mint"><span>Stellar is an open-source payment network that allows for the creation, trade, and sending of digital representations of currency in all its forms. Unlike physical money, the Lumen isn鈥檛 issued by central banks. This means governments don鈥檛 interfere with their activities. The Stellar Lumen is one of the best-performing and older forms of cryptocurrency. ## **History of Stellar** Stellar was founded by Jed McCaleb and is operated by the Stellar Development Foundation, a non-profit organization he and collaborator Patrick Collison founded. The foundation debuted on July 31st, 2014. \ The initial funding for the Stellar Project came from the payment startup Stripe headed by Patrick Collison which offered $3 million. Stellar launched with 100 billion stellar. 25 Billion Stellars went to donors from the initial funding such as Google, Fast Forward and Black Rock. Stripe received 2 billion stellars as a return for the initial funding. \ The name of the cryptocurrency was changed from Stellar to Lumens or XLM. \ In 2014, Brazil鈥檚 first bitcoin exchange, Mercado Bitcoin, announced they would be using the Stellar network. Stellar had approximately 3 million users registered by January 2015. ## **Stellar鈥檚 Biggest Claim to Fame** In 2014, Stellar created the Stellar Consensus Protocol (SCP) making it an open-source system. Under the SCP, transaction authentication is left to a select group of nodes on the blockchain, where it is hosted, instead of a whole set of nodes. This shortens the approval cycle and allows for faster and cheaper processing of transactions. \ The Lumen is a low-cost but legitimate form of crypto. It is a reliable and affordable cryptocurrency investment and is popular for it. Stellar stopped selling Lumens which has allowed for the value of the Lumen to rise, especially considering the Lumen is not a form of cryptocurrency that can be mined. The value of the Lumen depends on the number in circulation at any given time. \ Stellar has several partnerships with big companies. Stellar tries to solve the real-world problem of high transfer fees which is encouraging bigger financial institutions such as Moneygram which can afford to partner with the cryptocurrency offered by Stellar since they seem to have a solid base they can work with, even though it is not especially profitable. ## **Criticism of Stellar** Jed McCaleb, the co-founder of Stellar, was involved in a lawsuit when he tried to sell off his stake in Ripple after he left the company, knowing a lawsuit was coming for the company. This does not reflect well on the company, so the value of the coin will drop drastically if he gets involved in another scandal. \n Jed McCaleb was involved in a company that was hacked while he was in charge. The hack cost the company $460 million. This makes people weary of investing their money in a project he is involved in. \ The Stellar foundation had over 100 billion lumens originally but they removed nearly half of them from circulation in November 2019. This was controversial since this kind of market manipulation is one of the things decentralized systems like cryptocurrency are supposed to prevent. ## **The Stellar Team** Jed McCaleb is a co-founder and chief technology officer of Stellar. He founded and served as the CTO of Ripple until 2013. He co-founded the Stellar Development Foundation in 2014 to develop the Stellar open-source protocol which allowed cross-border monetary transactions. \ Joyce Kim is a co-founder and executive director of Stellar. She started her career as a lawyer. She co-founded Simplehoney, a mobile commerce startup, in 2011. She was Vice Chairperson at Freestyle Capital before she joined McCaleb as co-founder of Stellar. ## **Conclusion** Stellar is more of a money transfer platform than it is a crypto platform. Crypto is a means to transfer money for the company and not the essence of the company.</span></div></div> </main></div></div><script id="__NEXT_DATA__" type="application/json">{"props":{"pageProps":{"data":{"symbol":"XLM","articles":[],"logo":"https://s2.coinmarketcap.com/static/img/coins/64x64/512.png","circulating_supply":30613001751.516674,"total_supply":50001786894.450165,"name":"Stellar","id":512,"is_fiat":0,"taglineRendered":"\u003cp\u003eStellar (XLM) is a cryptocurrency . Stellar has a current supply of 50,001,788,148.14908 with 24,557,061,246.025616 in circulation. The last known price of Stellar is 0.18111084 USD and is down -3.14 over the last 24 hours. It is currently trading on 407 active market(s) with $273,107,555.47 traded over the last 24 hours. 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(XLM) is a cryptocurrency . Stellar has a current supply of 50,001,788,148.14908 with 24,557,061,246.025616 in circulation. The last known price of Stellar is 0.18111084 USD and is down -3.14 over the last 24 hours. It is currently trading on 407 active market(s) with $273,107,555.47 traded over the last 24 hours. More information can be found at https://www.stellar.org.","description":"Stellar is an open-source payment network that allows for the creation, trade, and sending of digital representations of currency in all its forms. Unlike physical money, the Lumen isn鈥檛 issued by central banks. This means governments don鈥檛 interfere with their activities. The Stellar Lumen is one of the best-performing and older forms of cryptocurrency.\n\n## **History of Stellar**\n\nStellar was founded by Jed McCaleb and is operated by the Stellar Development Foundation, a non-profit organization he and collaborator Patrick Collison founded. The foundation debuted on July 31st, 2014.\n\n\\\nThe initial funding for the Stellar Project came from the payment startup Stripe headed by Patrick Collison which offered $3 million. Stellar launched with 100 billion stellar. 25 Billion Stellars went to donors from the initial funding such as Google, Fast Forward and Black Rock. Stripe received 2 billion stellars as a return for the initial funding.\n\n\\\nThe name of the cryptocurrency was changed from Stellar to Lumens or XLM.\n\n\\\nIn 2014, Brazil鈥檚 first bitcoin exchange, Mercado Bitcoin, announced they would be using the Stellar network. Stellar had approximately 3 million users registered by January 2015.\n\n## **Stellar鈥檚 Biggest Claim to Fame**\n\nIn 2014, Stellar created the Stellar Consensus Protocol (SCP) making it an open-source system. Under the SCP, transaction authentication is left to a select group of nodes on the blockchain, where it is hosted, instead of a whole set of nodes. This shortens the approval cycle and allows for faster and cheaper processing of transactions.\n\n\\\nThe Lumen is a low-cost but legitimate form of crypto. It is a reliable and affordable cryptocurrency investment and is popular for it. Stellar stopped selling Lumens which has allowed for the value of the Lumen to rise, especially considering the Lumen is not a form of cryptocurrency that can be mined. The value of the Lumen depends on the number in circulation at any given time.\n\n\\\nStellar has several partnerships with big companies. Stellar tries to solve the real-world problem of high transfer fees which is encouraging bigger financial institutions such as Moneygram which can afford to partner with the cryptocurrency offered by Stellar since they seem to have a solid base they can work with, even though it is not especially profitable.\n\n## **Criticism of Stellar**\n\nJed McCaleb, the co-founder of Stellar, was involved in a lawsuit when he tried to sell off his stake in Ripple after he left the company, knowing a lawsuit was coming for the company. This does not reflect well on the company, so the value of the coin will drop drastically if he gets involved in another scandal. \\n \n\nJed McCaleb was involved in a company that was hacked while he was in charge. The hack cost the company $460 million. This makes people weary of investing their money in a project he is involved in.\n\n\\\nThe Stellar foundation had over 100 billion lumens originally but they removed nearly half of them from circulation in November 2019. This was controversial since this kind of market manipulation is one of the things decentralized systems like cryptocurrency are supposed to prevent.\n\n## **The Stellar Team**\n\nJed McCaleb is a co-founder and chief technology officer of Stellar. He founded and served as the CTO of Ripple until 2013. He co-founded the Stellar Development Foundation in 2014 to develop the Stellar open-source protocol which allowed cross-border monetary transactions.\n\n\\\nJoyce Kim is a co-founder and executive director of Stellar. She started her career as a lawyer. She co-founded Simplehoney, a mobile commerce startup, in 2011. She was Vice Chairperson at Freestyle Capital before she joined McCaleb as co-founder of Stellar.\n\n## **Conclusion**\n\nStellar is more of a money transfer platform than it is a crypto platform. Crypto is a means to transfer money for the company and not the essence of the company.","self_reported_circulating_supply":null,"date_added":"2014-08-05T00:00:00.000Z","latestStory":{"slug":"regulatory-clarity-on-wallets-will-shape-defi-in-2025","publishedAt":"2025-02-12","title":"Regulatory Clarity on Wallets Will Shape DeFi in 2025","handle":"stellar","mainImage":"https://cdn.hackernoon.com/images/InxBRjRIs6M1kdhuWcyNHiiUrxm1-sk035jy.png"},"nameOverride":"Stellar","cmc_rank":12,"is_active":1,"quote":{"USD":{"percent_change_1h":-0.88435211,"percent_change_90d":46.54395773,"market_cap_dominance":0.3303,"percent_change_60d":-12.95785311,"market_cap":10553880994.990591,"last_updated":"2025-02-17T03:06:00.000Z","percent_change_30d":-28.33784174,"tvl":null,"fully_diluted_market_cap":17238202346.56,"volume_change_24h":-27.0018,"volume_24h":168438717.42558515,"percent_change_24h":-0.6865541,"percent_change_7d":12.43817295,"price":0.34475158890511987}},"descriptionRendered":"\u003cp\u003eStellar is an open-source payment network that allows for the creation, trade, and sending of digital representations of currency in all its forms. Unlike physical money, the Lumen isn鈥檛 issued by central banks. This means governments don鈥檛 interfere with their activities. The Stellar Lumen is one of the best-performing and older forms of cryptocurrency.\u003c/p\u003e\n\u003ch2\u003e\u003cstrong\u003eHistory of Stellar\u003c/strong\u003e\u003c/h2\u003e\n\u003cp\u003eStellar was founded by Jed McCaleb and is operated by the Stellar Development Foundation, a non-profit organization he and collaborator Patrick Collison founded. The foundation debuted on July 31st, 2014.\u003c/p\u003e\n\u003cp\u003e\u003c/p\u003e\u003cp\u003eThe initial funding for the Stellar Project came from the payment startup Stripe headed by Patrick Collison which offered $3 million. Stellar launched with 100 billion stellar. 25 Billion Stellars went to donors from the initial funding such as Google, Fast Forward and Black Rock. Stripe received 2 billion stellars as a return for the initial funding.\u003c/p\u003e\u003cp\u003e\u003c/p\u003e\u003cp\u003eThe name of the cryptocurrency was changed from Stellar to Lumens or XLM.\u003c/p\u003e\u003cp\u003e\u003c/p\u003e\u003cp\u003eIn 2014, Brazil鈥檚 first bitcoin exchange, Mercado Bitcoin, announced they would be using the Stellar network. Stellar had approximately 3 million users registered by January 2015.\u003c/p\u003e\u003ch2\u003e\u003cstrong\u003eStellar鈥檚 Biggest Claim to Fame\u003c/strong\u003e\u003c/h2\u003e\n\u003cp\u003eIn 2014, Stellar created the Stellar Consensus Protocol (SCP) making it an open-source system. Under the SCP, transaction authentication is left to a select group of nodes on the blockchain, where it is hosted, instead of a whole set of nodes. This shortens the approval cycle and allows for faster and cheaper processing of transactions.\u003c/p\u003e\n\u003cp\u003e\u003c/p\u003e\u003cp\u003eThe Lumen is a low-cost but legitimate form of crypto. It is a reliable and affordable cryptocurrency investment and is popular for it. Stellar stopped selling Lumens which has allowed for the value of the Lumen to rise, especially considering the Lumen is not a form of cryptocurrency that can be mined. The value of the Lumen depends on the number in circulation at any given time.\u003c/p\u003e\u003cp\u003e\u003c/p\u003e\u003cp\u003eStellar has several partnerships with big companies. Stellar tries to solve the real-world problem of high transfer fees which is encouraging bigger financial institutions such as Moneygram which can afford to partner with the cryptocurrency offered by Stellar since they seem to have a solid base they can work with, even though it is not especially profitable.\u003c/p\u003e\u003ch2\u003e\u003cstrong\u003eCriticism of Stellar\u003c/strong\u003e\u003c/h2\u003e\n\u003cp\u003eJed McCaleb, the co-founder of Stellar, was involved in a lawsuit when he tried to sell off his stake in Ripple after he left the company, knowing a lawsuit was coming for the company. This does not reflect well on the company, so the value of the coin will drop drastically if he gets involved in another scandal.\u003cbr\u003e\u003c/p\u003e\n\u003cp\u003eJed McCaleb was involved in a company that was hacked while he was in charge. The hack cost the company $460 million. This makes people weary of investing their money in a project he is involved in.\u003c/p\u003e\n\u003cp\u003e\u003c/p\u003e\u003cp\u003eThe Stellar foundation had over 100 billion lumens originally but they removed nearly half of them from circulation in November 2019. This was controversial since this kind of market manipulation is one of the things decentralized systems like cryptocurrency are supposed to prevent.\u003c/p\u003e\u003ch2\u003e\u003cstrong\u003eThe Stellar Team\u003c/strong\u003e\u003c/h2\u003e\n\u003cp\u003eJed McCaleb is a co-founder and chief technology officer of Stellar. He founded and served as the CTO of Ripple until 2013. He co-founded the Stellar Development Foundation in 2014 to develop the Stellar open-source protocol which allowed cross-border monetary transactions.\u003c/p\u003e\n\u003cp\u003e\u003c/p\u003e\u003cp\u003eJoyce Kim is a co-founder and executive director of Stellar. She started her career as a lawyer. She co-founded Simplehoney, a mobile commerce startup, in 2011. She was Vice Chairperson at Freestyle Capital before she joined McCaleb as co-founder of Stellar.\u003c/p\u003e\u003ch2\u003e\u003cstrong\u003eConclusion\u003c/strong\u003e\u003c/h2\u003e\n\u003cp\u003eStellar is more of a money transfer platform than it is a crypto platform. Crypto is a means to transfer money for the company and not the essence of the 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