Stellar to Participate in Singapore Fintech Festival in Singapore on November 7th
2024-11-06


Stellar Development Foundation’s Chief Legal & Policy Officer, Candace Kelly, is set to participate in a prominent panel discussion at the Singapore Fintech Festival on November 7. Joined by notable figures Balaji Srinivasan, Co-founder & Board Member of Coin Center, and Dante Disparte, Chief Strategy Officer & Head of Global Policy at Circle, the panel will explore the topic “The Future of Finance: Reimagining the Realm of the Possible”. This event promises insights into the evolving financial landscape and is a key highlight of the festival.
XLM Info
Stellar is a decentralized, open-source blockchain platform for conducting financial operations. It was founded in 2014 by Jed McCaleb, one of the co-founders of Ripple. Stellar utilizes its own consensus protocol called the Stellar Consensus Protocol (SCP), which enables faster and more reliable transaction processing compared to most traditional systems.
The main goal of Stellar is to create an international platform for digital payments that brings together individuals, banks, and payment systems. A crucial aspect of Stellar's functioning is the support for the creation and exchange of “anchor” issuers who process deposits, facilitate asset issuance, and meet the requirements for developers to build products and services using these assets, with a focus on enhancing the end-user experience.
Stellar has its own cryptocurrency called Lumen XLMUSD, which is used within the system to pay transaction fees and prevent spam.