Home / Altcoins / Stellar Lumens hits 1m accounts milestone as crypto-to-fiat nears

Stellar Lumens hits 1m accounts milestone as crypto-to-fiat nears

On Monday, it was posted by OrbitLens which was relevant to tweet Stellar, the open source, community-owned cross-asset payment framework has achieved the milestone of 1,000,000 accounts on its network.

In 2018 has been a very busy year for Stellar, with a series of partnerships and listings making it one of the hottest crypto assets for investors. Bitfinex listed Lumens and provided fiat trading pairs for the token.

In the same month, IBM announced that it was looking into building an environmentally friendly cryptocurrency on the Stellar network. IBM also reportedly backed Stronghold, a US dollar-backed stable coin built on the Stellar framework.

The data from the Stellar Expert Explorer shows that the network achieved the landmark on August 27, having grown rapidly from just over 200,000 accounts in January 2018.

Ripple, Stellar’s platform is completely open-source and decentralized, leaving only Stellar.org – Stellar’s supporting organization – as a centralized entity in the entire Stellar ecosystem. The market has rewarded this mix of both centralized and decentralized worlds, with Stellar experiencing steady growth from $0.003 at its launch on August 5, 2014, to $0.22 on August 28, 2018.

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