Hassan Maishera
On Wednesday, the Stellar Org announced via X that USST, powered by STBL, is now live on Stellar. Using STBL’s technical architecture, eligible users can deposit supported tokenized assets, beginning with USDY, to mint USST for settlement and other institutional asset workflows.
Through strategic ecosystem integrations, USST is expected to support expanded onchain utility across eligible venues and institutional use cases, including liquidity, settlement, and collateral mobility.
By enabling multiple pathways for liquidity and settlement, USST is designed to support utility within the Stellar network’s growing RWA ecosystem, including for eligible holders of tokenized treasuries and money market funds.
Stellar is an open-source network with the mission to "create equitable access to the global financial system." Stellar is maintained by the Stellar Development Foundation, a non-profit organization established in 2014.
The Stellar network is a decentralized, fast, scalable, and uniquely sustainable blockchain built for financial products and services. The network launched in 2014 with the purpose of connecting the world's financial systems by offering a protocol for payment providers and financial institutions that facilitates near-instant global payments and currency exchanges. In 2024, Stellar released protocol 20, enabling full-featured smart contracts to the network. The network is transforming international payments and remittances through safer, faster, and more affordable solutions, and connecting real-world assets to DeFi to enable comprehensive everyday financial services.
The Stellar network’s native digital currency - Lumens (“XLM”) - is used to pay the network’s transaction fees. (XLM can also be used as an intermediate currency for operations. How it works: the protocol converts money in a few seconds, first into XLM, and then into the requested currency.)
XLM is up 0.8% in the last 24 hours and now trades at $0.1947 per coin.
