Stellar Lumens to be a Basis for a Investment Fund

Grayscale Investments launched Stellar Lumens Trust new investment fund
18 January 2019   661

Investment firm Grayscale Investments Barry Silbert officially announced the launch of Grayscale Stellar Lumens Trust, a fund focused exclusively on cryptocurrency XLM.

At the same time, the company renamed all products based on a single digital asset.

New Grayscale Product Names
New Grayscale Product Names

It should be noted that the company managed about $ 825 million as of December 31.

Earlier it became known that Grayscale Investments may hold 1% of all existing bitcoins.

Wirex to Issue 26 Stablecoins on XLM Blockchain

Wirex chosen Stellar blockchain because company considers it safe, easily scalable and relatively inexpensive to use
25 April 2019   453

British online banking platform Wirex has announced the listing for the XLM token, as well as the release of 26 stablecoins on the Stellar blockchain, pegged to fiat currencies, including USD, EUR, GBP, HKD and SGD.

Prior to this, Wirex card supported eight digital assets and ten fiat currencies.

In addition, Wirex added the ability to instantly convert steablecoins to each other at over-the-counter rates.

As the company expects, new assets will be used for money transfers, issue and redemption of tokens, as well as for payments for services.

The choice of Wirex fell on the Stellar blockchain, as the company considers it safe, easily scalable and relatively inexpensive to use.

Last year Wirex became the third company in a row that received a license to provide services in the UK and Europe.