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Stellar Development Foundation Signals Major Push into Mainstream Finance

by Gustavo Mendoza

2 hours ago


The Stellar Development Foundation (SDF) is poised to make significant strides in the realm of mainstream finance, aiming to integrate major players in payments and asset management into its network by the end of 2025. This ambitious initiative reflects SDF's commitment to enhancing its ecosystem and expanding its influence in the financial sector. The document provides a justification for the fact that

Growth of the On-Chain Economy

SDF CEO Denelle Dixon and President Chief Growth Officer Jos Fernández da Ponte have underscored the extensive groundwork laid over the past year. They noted the substantial growth of the on-chain economy, which has set the stage for the upcoming launch of Protocol 23. This new protocol is designed to bolster Stellar's capabilities, making it more competitive in the evolving financial landscape.

Upcoming Developments at Meridian Conference

The organization is gearing up to unveil additional developments at the Meridian conference in Rio de Janeiro, an event that promises to showcase SDF's strategic roadmap. This roadmap focuses on:

  • Enhancing real-world payment solutions
  • Expanding decentralized finance (DeFi) offerings

Positioning Stellar as a key player in the future of finance. As the conference approaches, industry stakeholders are keenly anticipating the announcements that could shape the trajectory of the Stellar network and its integration into mainstream financial systems.

Currently, Figure's impressive IPO has captured significant attention in the financial world, with a remarkable valuation of $53 billion. For more details on this milestone and its implications for the cryptocurrency sector, you can read the full article on Figure's debut on Nasdaq here.

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