Stellar · XLM
The payments network for moving stablecoins and dollars across borders
A real cross-border payments rail — but a small one, with a native token few are forced to hold.
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You want coins with the best chance to rise. Three forces decide it: inflation (fewer new coins = less selling pressure), narrative (a strong story pulls buyers in), business model (is the token actually needed, and used). Full method →
Nothing is minted, nothing is burned — a foundation just opens the tap
Stellar is the payments and asset-tokenization network behind XLM. Supply is fixed at 50.00B lumens and the network has not created one since 2019: 34.69B trades freely today, and the other 15.31B sits in foundation custody and two untouched pools.
Sell pressure — the foundation moved 991.4M XLM out of its thirteen wallets and into the float over 90 days, leaving 15,037.7M — the only thing on this chain that adds supply.
Buy pressure — transaction fees fall into a pool nobody can spend, taking 601K XLM off the float. That pushes back against about 0.06% of what came out.
Net — about +2.86% of supply reached the market over 90 days, and the same is projected next — a fixed-supply coin whose float still grows close to 3%a quarter, entirely by one entity's choice.
Sell pressure · what adds supply
The 1% yearly mint was switched off by validator vote on Oct 28 2019 and the operation itself now refuses to run. The ledger's own coin count read identical at both ends of this window, so not one new lumen came into existence. The change was written so a future vote could switch it back on, so this stays watched rather than sealed.
The three dated release escrows from the 2019 plan are empty — each holds 2 XLM of account minimum and nothing more. The plan in force today publishes no escrow, no release calendar and no dated cliff, so there is nothing left to fire.
This is the whole story. Reading all thirteen foundation wallets on-chain at both ends of the window shows 991.4M XLM left custody and entered the float, cutting the reserve from 16,029.1M to 15,037.7M. Still held: development 2,057.4M, ecosystem growth 5,857.2M, product and innovation 3,707.9M, assets and liquidity 3,415.2M — plus a separate 258.9M network-migration escrow that did not move at all. None of it carries a published release date.
There is no bankruptcy estate and no trustee distribution attached to this asset — nothing has ever gone into administration, so there is no queue of coins waiting to be handed back to creditors.
Buy pressure · what removes supply
The foundation funds itself by selling lumens, not buying them. No buyback contract exists on this network and none has been put forward.
Every transaction fee drops into a pool that belongs to no account and has no key. The one path that used to pay it out was deleted along with the 2019 mint, so the balance only ever rises: 601K XLM came off the float over the window, at a steady 5.7K to 8.0K a day. It offsets about 0.06% of what the foundation released.
The foundation is a net seller by design — it covers its costs out of its own lumens. It has never bought XLM on the open market and publishes no intention to.
There is no staking, no bonding and no new lockup contract on this network. The keyless address holding the 2019 destruction took in a fraction of one XLM all window, and the 258.9M network-migration escrow did not move either.
Want the full reasoning — how a coin that mints nothing still grew its float by 991.4M, which wallets emptied, and what would have to change for that to stop?
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