What is XLM (Stellar Lumens)?. XLM (Lumens) is the native asset of Stellar, a network built for fast, inexpensive cross‑border payments and asset issuance.
How it works
Anchors connect bank rails to Stellar; the network matches paths between assets to find low‑cost routes.
Why it matters
Stellar simplifies remittances and stablecoin movement with quick settlement.
Common pitfalls
- Missing memo fields on exchange deposits
- Confusing issued assets with XLM
- Not verifying anchors’ compliance requirements
Quick example
A fintech routes a user’s cash to a stablecoin on Stellar and pays a merchant abroad in seconds.
See also
- Interoperability
- Stablecoin
- Path Payments
TL;DR: What is XLM (Stellar Lumens)? defined in plain English with practical next steps.
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