Cryptocurrency Q&A What is XLM backed by?

What is XLM backed by?

BlockchainWizardGuard BlockchainWizardGuard Wed Dec 04 2024 | 6 answers 1111
I'm trying to understand what assets or reserves back the value of XLM, the cryptocurrency. I want to know if it's backed by any physical commodity, another digital asset, or if its value is solely based on market speculation and demand. What is XLM backed by?

6 answers

BlockchainVisionary BlockchainVisionary Fri Dec 06 2024
The prowess of XLM is anchored in the Stellar network.

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GwanghwamunGuardianAngelWings GwanghwamunGuardianAngelWings Thu Dec 05 2024
This network has forged collaborations across the globe.

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Andrea Andrea Thu Dec 05 2024
Other notable collaborations include Stripe, Wirex, SureRemit, and Smartlands.

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CryptoPioneer CryptoPioneer Thu Dec 05 2024
Its reach extends to significant tech giants.

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Sara Sara Thu Dec 05 2024
Notably, Stellar has been integrated with Samsung Mobile.

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