Stellar recently announced that it will allow conversion to euro, dollar and pound sterling using White Standard (WSD) currencies, a cryptocurrency paired with the fiat currencies built on its network, for payments in Stellar Lumens (XLM). This conversion will take place in the decentralized Exchange of Fintech Ltd, the first one built on the Stellar platform.
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Speaking about this alliance, Elizabeth Wite, CEO of White Company, company after White Standrad, commented:
"Our goal is to deploy the full potential of cryptocurrencies in the real world, and this partnership with Stellar is the first of many steps to bring the White Standard stablecoins to the masses, while increasing the ease of consumers to buy XLM with USD. , GBP and Euro. "
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It is worth noting that the new partner of Stellar has a somewhat unusual background, being a platform dedicated mainly to the purchase of luxury items using cryptocurrencies. Therefore, your interest in stable Stellar transactions stems from the need to provide a reliable payment method for large purchases.
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In this sense, the White Standard becomes the first stablecoin built on Stellar's blockchain, at least for the time being. It is also important to remember the success of Stellar in recent months, with Lumens solidifying in the top 10 of the currencies with the highest market capitalization.
