2023-07-25
Stellar cryptocurrency was
launched on May 31, 2014. Stellar focuses on cross-border transactions. In 2014, the open price of
XLM trading at the market was $0.002373 per XLM.
Stellar founder is Jeb
McCaleb he created Mt.Gox in 2010, the most popular cryptocurrency exchange
before the advent of Binance and Coinbase. Later on, he co-founded Ripple in
2012.
Stripe, a fintech company
that cofounded by Patrick and John Collison invested $3 million worth
of XLM tokens in June 2014. They received 2% of XLM tokens (2 billion XLM) in return. They
bought XLM at the rate $0.0015 XLM. As of July 25, 2023, Stellar’s fully
diluted market cap is $7.157 billion.
The Collison brothers’
investment in June 2014 would generate 94.43 times return and turned $3
million into approximately $285 million in July 2023.
