Stellar (XLM) is an open-source decentralized network which, with the help of blockchain technology, wants to make it possible to exchange various forms of values ​​safely, quickly and affordably. This is achieved by means of 'anchors' that make it possible for fiduciary currencies to be deposited on the Stellar Blockchain, after which they can be sent at lightning speed to the desired address and removed from there by an 'anchor' to be paid to the receiving party.

An example is a transaction in which a person in Europe sends euros to a person in the United States. The amount to be sent is put on the Stellar Blockchain by an anchor which sends it to the anchor that can convert the amount to be received into dollars at the most favorable exchange rate. Since the value transfer on the Stellar Blockchain can take place within a few seconds, the euro amount can be sent in just a few seconds and at very low costs to the person in the United States who will receive it in dollars, says Stellar.