It’s Official: Stellar Has 1 Million Active User Accounts

The Stellar network has officially achieved a new milestone of 1 million active user accounts. This is great news for this crypto project. Stellar is trying to establish a brand new and improved digital financial system.

This summer only there were more than 300,000 new accounts added to the Stellar network and also an accumulated value of 48 billion XLM have been traded on the Stellar’s blockchain. This is a great year for Stellar when compared to last year where there were just 50 million XLM exchanged on the Stellar chain. When they partnered with the tech giant IBM in late 2017, Stellar stole the spotlight from many other cryptocurrencies. The project is growing stronger and hasn’t really shown any sign of stopping, on the contrary, it showed some massive steps forward. This is potentially one of the leading seasons for Stellar.

Recently, Stellar and IBM announced that they are working on a stablecoin that is connected to the US dollar and they are often loved by the community because they leverage the benefits of the blockchain technology while still being stable. This is a major catalyst for Stellar as well. The ecosystem is also very rapidly expanding and a lot of new projects are now interested to become a part of the network. There are currently tons of interesting projects for payment solutions, tokenizing agriculture and many more. Stellar made a huge investment last year where they got their hands on a blockchain based company named Chain that is working on delivering a service based on a cloud blockchain infrastructure.

Achieving this goal is a great success for Stellar and only opens the question will it propose a problem to Stellar’s scalability possibilities?
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