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Which country does xlm currency come from?

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Release: 2024-05-09 17:23:02
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XLM coins belong to the United States. Stellar Network was founded by the co-founder of Ripple and is headquartered in San Francisco, USA to facilitate cross-border payments. XLM coins are used for transfer fees, security and network governance.

Which country does xlm currency come from?

##Country of ownership of XLM coins

XLM coins, Stellar Lumens, the full name, is a digital cryptocurrency used for cross-border payments. Its country of origin is

United States.

The Origin of Stellar Network

Stellar Network was co-founded by Jed McCaleb and Joyce Kim. They were both co-founders of the Ripple network but later left to create Stellar Network. Stellar Network aims to facilitate global payments and aims to make cross-border transfers faster, cheaper and safer.

The role of XLM coin

XLM coin is the native token of Stellar network and has the following functions:

  • Transfer fee: XLM coins are used to pay for transfers on the Stellar network. The fee is very low, usually less than a penny.
  • Security: XLM coins are used to prevent spam and malicious behavior on the network.
  • Governance: XLM coin holders can participate in the governance of the Stellar network and vote on important decisions.

Headquarters location

The main headquarters of Stellar Network and its XLM coin is located in

San Francisco, California, USA. The company also has offices in other countries, including Ukraine, India and Singapore.

It is worth noting that although Stellar Network is a US company, the XLM coin itself is a global crypto asset and is not subject to the laws of any country.

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