Thursday, October 6, 2022
HomeAltcoinsStellar adds new features to transfer XLM and USDC

Stellar adds new features to transfer XLM and USDC

On September 21, Tildamail made an announcement on a new upgrade that enables over 7 million Stellar accounts to send and receive Stellar Lumens (XLM) and USDC like email. Tildamail made the announcement of the development through a tweet posted on its official website, in which it disclosed how it collaborated with Stellar on the design of the campaign. According to the company, customers are also able to exchange confidential emails and data using the platform that the company provides.

Jemmy Allaire, who is the CEO and Co-Founder of Circle and the company that is responsible for issuing USDC, has also responded to the recent incident. In a subsequent post on Twitter, the CEO of Stellar said that the Stellar developer community is having a lot of success with USDC applications. The most recent improvement pertaining to USDC occurred simultaneously with Robinhood’s listing of Stablecoin.

Tildamail said that it collaborated with Stellar to create the initiative

Tildamail said that it collaborated with Stellar to create the initiative
Tildamail said that it collaborated with Stellar to create the initiative

The invention represents a significant advancement for the coin known as Stellar Lumens (XLM). As a result of users being able to transmit and receive the token without any friction utilising Tildamail, the usefulness of Stellar Lumens is increased. In addition, the project will bring the Stellar network one step closer to accomplishing the goal it was designed to accomplish. Stellar Lumens is a cryptocurrency that was launched in 2015 with the goal of consolidating the many different financial systems that exist around the world.

It offers a payment protocol that may let financial service companies and organisations provide payment solutions to their customers. The Stellar protocol was developed so that monetary resources may be transferred quickly and easily at a minimal cost. XLM, which is the network’s native token, serves as an intermediary token, and users may use it to settle blockchain transactions since it performs this purpose.

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Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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