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Why Stellar Is Giving Away $124 Million In Cryptocurrency
While Ripple, one of the most sizable blockchain and cryptocurrency companies, has been selling off its XRP asset holdings, valued in the hundreds of millions of dollars, its cofounder is blazing a different trail over at his present operation. After leaving Ripple several years ago, Jed McCaleb went on to cofound Stellar in 2014, which has a similar crypto asset named XLM. As chatter circulates regarding the status of many crypto assets, such as Stellar’s XLM and Ripple’s XRP, as potentially unregulated securities, Stellar has decided to give away roughly $124 million in XLM, seemingly contrasting Ripple’s ... (full story)