Cryptocurrency Q&A
Is XLM owned by Ripple?
Is XLM owned by Ripple?
Carlo
Tue Dec 03 2024
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6 answers
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I'm wondering if XLM, also known as Stellar Lumens, is owned by Ripple. I've heard that XLM is a cryptocurrency similar to Ripple's XRP and was created by one of Ripple's co-founders, Jed McCaleb. This makes me question whether there is any ownership or affiliation between Ripple and XLM.
6 answers
Martino
Thu Dec 05 2024
In contrast, Stellar Lumens is structured as a non-profit organization.
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Sara
Thu Dec 05 2024
XRP boasts a substantial market capitalization of $32 billion.
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ShintoSanctuary
Thu Dec 05 2024
Stellar employed a strategic approach by distributing substantial quantities of its native token, XLM, free of charge.
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Giuseppe
Thu Dec 05 2024
This initiative aimed to encourage wider adoption and usage of the Stellar blockchain.
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CharmedFantasy
Thu Dec 05 2024
Ripple operates as a for-profit enterprise in the blockchain industry.
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