Founded in 2014 by former Ripple co-founder Jed McCaleb, Stellar (XLM) has established itself as a platform devoted to simplifying and lowering the cost of international financial transactions. The network's objective of bringing individuals and financial institutions together through effective, affordable cross-border payments is powered by its native token, Lumens (XLM).
There are a number of key elements that influence the value of XLM/USD. Demand for XLM is growing as banks, fintech firms and other financial players increasingly adopt the platform. Prominent alliances, such as the one with IBM, have strengthened Stellar's position as a pioneer in international payments.
The overall movements of the cryptocurrency market also have an impact on XLM's price trends, which frequently follow Bitcoin's path while retaining its unique attraction. Because Stellar places a strong focus on connecting blockchain technology with traditional finance, it is extremely sensitive to changes in international transaction regulations, making regulatory changes especially significant.
For traders and investors, XLM represents a stake in a platform that aims to transform international money transfers, not just a speculative opportunity. The performance of the XLM/USD pair is an important measure of Stellar's market power and prospects as it develops and expands its practical applications.