Stellar ecosystem

Understanding the Stellar ecosystem

Stellar supports payments, issued assets, trading and smart contracts. XLM, also called lumens, is its native asset and plays a role in fees and network resource requirements. Other assets can be issued by separate organizations, including services connecting blockchain balances to conventional money.

How it works

These connecting services are often called anchors. Their availability, identity checks and redemption terms depend on the provider. An asset code alone is not enough to identify an issued token; the issuer matters too. Evaluate the on-chain transfer and the off-chain conversion as separate parts of the payment route.