Good Moves on Stellar Lumens Gets First USD Anchor

Good Moves on Stellar Lumens Gets First USD Anchor – Big Step Towards Adoption

One of the most important turning points for coins like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash is that they all have an easy on-ramp from fiat currencies into cryptocurrencies. This means that new investors who are looking for a way to get their hands on their first coins could buy any of these assets through an exchange like Coinbase or Abra, and even newer contenders like Square Cash App. But for many other digital assets, a direct fiat on-ramp or anchor is often nothing more than a dream. When it comes to Stellar and its Lumens asset though, that dream is becoming a reality all thanks to Stronghold.

Lumens, Meet Dollars

The announcement, which came out just today, claims that Stellar now has its very own USD to XLM on-ramp and off-ramp. This means that users can both buy and sell XLM for dollars.

As the Stellar network has unbelievably low transaction fees, this development could mean that cross-border or bank-to-bank transactions could see a major upgrade in both speed and affordability. XLM could also become an asset of choice for those wanting to cash out their cryptocurrency from various altcoins into dollars.