Stellar Ecosystem

Definition ∞ The Stellar ecosystem refers to the network of applications, services, and organizations built upon or interacting with the Stellar blockchain protocol. This open-source network is designed for fast, low-cost cross-border payments and asset issuance, facilitating connections between traditional financial systems and digital assets. It includes various wallets, exchanges, payment processors, and decentralized applications utilizing the native Lumen (XLM) cryptocurrency. The ecosystem aims to make financial services more accessible globally.
Context ∞ The Stellar ecosystem continues to focus on its mission of financial inclusion and efficient global payments, often appearing in news regarding international remittances and stablecoin issuance. Partnerships with financial institutions and governments to build payment corridors remain a key area of development. The ongoing competition with other payment-focused blockchains and evolving regulatory stances on digital payment systems shape its future trajectory and adoption.