XLMUSDT
Stellar Lumens / Tether USD
crypto Composite

Stellar is an open-source payments network that serves as a distributed intermediary blockchain for global financial systems and circulates a native asset, Stellar Lumens (XLM). The Stellar blockchain allows anyone to issue new assets in the network and exchange for other assets via built-in asset exchange features. Assets on Stellar are issued and redeemed by anchors, who are trusted entities that issue digital credits on the Stellar network in exchange for deposits of the asset with the trusted entity. Anchors enable real world assets to be exchanged on Stellar by leveraging a distributed exchange that maintains an order book for every asset pair. Stellar supports the issuance of any type of asset including stocks, currencies, cryptoassets and more. The Stellar blockchain consensus mechanism is called Stellar Consensus Protocol (SCP), an implementation of the Federated Byzantine Agreement (FBA). The FBA is a fairly new consensus mechanism pioneered by Ripple. The SCP is the first provable safe FBA blockchain protocol. An FBA allows nodes to choose which peers the trust based on intrinsic or extrinsic factors set by the nodes. This dynamic creates network-wide quorums as individual nodes relay and verify network activity information. FBAs rely on "quorum slices" to reach consensus—subsets of a quorum that can convince an individual node to agree with the "slice." Stellar nodes can choose their own quorum slices. To attack the Stellar network, a reputable institution would need to control 51% or more of the network's trusted nodes. Stellar disinventivizes this by financial rewarding honest actors in the network via fees and other rewards. Stellar also adds an element of reputation and social identity by keeping network actors as known entities, which incentivizes financial institutions to maintain the trust of their peers. Some of these trusted financial institutions are called Anchors, a crucial part of the Stellar blockchain network. Anchors maintain wallets with fiat and XLM balances to allow currency exchange. Anchors control the fees they charge for network peers to use their services, and users can pick which anchor manages their exchanges. The Stellar blockchain also supports launching native assets similar to issuing tokens on Ethereum. Compared to Ethereum, Stellar aims to offer faster transactions and lower network fees. All assets on the Stellar blockchain are not traded only by exchanging credits across between accounts in the network that are managed by anchors.