Glossary

What is XLM

XLM, also known as Stellar Lumens, is a cryptocurrency and blockchain network designed to facilitate cross-border payments and asset transfers. Developed by the Stellar Development Foundation (SDF), it aims to provide a more efficient solution for the global financial system.


The Stellar network's core philosophy is to address the financial service challenges in impoverished regions, offering low-cost transaction services to unbanked populations. With its fast transaction times and minimal fees, XLM shows great potential in cross-border remittances, micropayments, and other financial services.


Looking ahead, XLM is expected to see trends such as partnerships with traditional financial institutions, a growing user base, and applications in the decentralized finance (DeFi) space. While XLM has many advantages, including efficiency and low cost, it also faces regulatory challenges and market volatility risks.

What is XLM - Glossary