Stellar, in many ways, is similar to Ripple (and XLM similar to the cryptocurrency XRP). Like Ripple, Stellar is designed as a payment provider protocol for merchants, and financial institutions. However, Stellar is also unique in that it's also a decentralized exchange (DEX). Stellar built its own ledger that keeps track of all Stellar assets. Via Stellar’s Consensus Protocol in 2015, Stellar now has nodes that vote on transactions until quotes are reached.
The XLM price on YouHodler is aggregated from several different cryptocurrency exchanges in an attempt to provide the most accurate price possible. YouHodler combines XLM price rates from Binance, Kraken, Huobi, OKEx, and others.
To monitor XLM prices efficiently, we recommend downloading our app for iOS and Android compatible smartphones. This allows you to follow the latest XLM price anytime, anywhere. For real.
The XLM price constantly changes, however, our interest rates are stable as ever. Since 2019, our XLM savings account has featured 4.5% APR + compounding interest. Stability is our main ingredient.
There are many useful scenarios for a crypto-backed loan. Use it to hedge your portfolio in the event of an XLM price drop or simply use the growing value of your XLM price as collateral for instant cash. Either way, don’t sell your XLM. HODL with us and profit.
Are you confident the Stellar price will rise? If so, clone your XLM now with Turbocharge. Click here to learn more about Turbocharge.