NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Stellar Acquires Chain to Create Interstellar, Another Major Initiative For XLM

Cole Petersen
Cole Petersen
6 years ago
3 mins read
ripple blockchain university

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Blockchain startup, Chain, announced Monday that they had been purchased in cash by a subsidiary of the Stellar Development Foundation, resulting in the formation of a new entity, called Interstellar. The announcement came months after rumors had first surfaced regarding the partnership.

According to Chain’s Crunchbase page, the San Francisco-based blockchain startup has raised over $40 million in private capital since its founding in 2014, and has worked with such companies as Nasdaq, Visa, and Citigroup. The startup describes themselves as building “cryptographic ledger systems that make financial services smarter, more secure, and more connected.”

The acquisition deal between Stellar and Chain was officially finalized on September 5th and was first announced by the startup on September 10th. The new venture – called Interstellar – will be headed by former RRE Ventures partner and Chain CEO, Adam Ludwin, who will serve as the project’s CEO, and Jed McCaleb, the XRP and Stellar protocol creator, who will serve as the project’s CTO.

Ludwin spoke about the acquisition of Chain by Stellar, saying:

“All of the clients that we have now have effectively shifted from using a traditional database model to using a tokens model, issuing assets on a local environment. By partnering with Stellar you can fire an asset to another institution.”

Ludwin also noted that the new entity will retain all of Chain’s current employees, and that the majority of the employees will retain similar positions. Previous shareholders in Chain were bought out by Stellar, and although the exact purchase amount was not disclosed, Ludwin said that it was for “significantly more than $40 million.”

He also noted that Chain accepted the offer after much consideration, adding that “Chain did not need to sell the company. This needed to be a great strategic move and a great return and it was both.”

Chain Merger Marks Latest Use-Case for Stellar 

In addition to the recently announced acquisition of Chain, Stellar’s blockchain network and cryptocurrency (XLM) have seen multiple other examples of being adopted by large corporations, including IBM.

Notably, IBM recently launched their Stellar-backed blockchain World Wire Payments System, which will offer real-time, cross-border, payment settlement using Stellar’s blockchain network. The World Wire system will operate very similarly to Ripple’s blockchain settlement systems, that utilize digital currency to transfer large amounts of money cross-borders with little to no fees.

IBM describes their new product on their site, saying:

“IBM Blockchain World Wire, the new financial rail that can simultaneously clear and settle cross-border payments in near real-time. Integrating with your existing payment systems, you can replace costly opacity with affordable transparency – and that can bring greater financial opportunity to all.”

IBM also notes that the platform runs on Stellar’s blockchain:

“Using blockchain technology and the Stellar protocol, IBM Blockchain World Wire makes it possible for financial institutions to clear and settle cross-border payments in seconds.”

Although World Wire runs on Stellar’s protocol, it is important to understand that institutions looking to use World Wire are not required to use Stellar’s cryptocurrency, XLM. IBM’s site explains that customers can use any type of cryptocurrency that meets their needs, including stable coins. They explain that “Two financial institutions transacting together agree to use a stable coin, central bank digital currency or other digital asset as the bridge asset between any two fiat currencies.”

Stellar Lumens (XLM) is trading at $0.19 at the time of writing, down 2.2% on a 24-hour trading period.

Featured image from Shutterstock
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Holds Steady Above $107K As US Senate Clears $4.5T Spending Bill

Bitcoin held its ground as US President Donald Trump’s “One Big Beautiful Bill” passed the Senate late Monday narrowly by 51–50...

Christian Encila 3 days ago
Bitcoin

Bitcoin Consolidating Below $108,000 But Eyes $115,000 Target

Bitcoin’s price action has been relatively stable in recent days, currently trading just above $107,000 after briefly touching previous highs...

Scott Matherson 1 week ago
Dogecoin

TD Sequential Flashes Buy: Dogecoin Ready For Rebound To $0.21

Dogecoin has spent the majority of the past five days trading within a tight range between $0.156 and $0.165. Notably,...

Scott Matherson 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Ethereum Ready For Explosive Breakout: $5,791 The Minimum Target–Analyst

Scott Matherson 5 hours ago
Bitcoin

Bitcoin Must Hold $106,000 And $98,000 To Avoid Breakdown

Scott Matherson 11 hours ago
Bitcoin

Analyst Shares Bitcoin Cheat Sheet Showing When The Bull Run Begins

Scott Matherson 1 day ago

Premium Sponsors

Press Releases

  • Make $8,000 a day in stable passive income easily –...

    7 hours ago
  • SunnyMining——A passive income tool that allows ordinary...

    8 hours ago
  • Cryptocurrency is the best way to get rich quickly, easily...

    23 hours ago
  • XRP Cryptocurrency × Dogecoin Mining: HASHJ launches...

    1 day ago
  • Koja kriptovaluta ima veći potencijal za stvaranje milijunaša XRP ili Shiba Inu

    Koja kriptovaluta ima veći potencijal za stvaranje...

    1 day ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.