Stellar Expressed: Protocol 18 upgrade complete. This is a big one. A huge thanks to the Stellar ecosystem for your support, feedback, and cooperation throughout the Protocol 18 process.
For clarity, Stellar Protocol 18 enables the creation of Automated Market Makers (AMMs) on Stellar.
An automated market maker (AMM) is the underlying protocol that powers all decentralized exchanges (DEXs). Simply put, they are autonomous trading mechanisms that eliminate the need for centralized exchanges and related market-making techniques.
Denelle Dixon Expressed: Liquidity is key to the Stellar network because it enables quick and efficient asset conversation for cross border payments. Protocol 18 is a significant step in the journey to improve liquidity. Thanks to all who collaborated to make this upgrade possible today.
Community response: Does this mean protocol 40 will be passed as well since the only hang up was protocol 18 was not implemented? Just kidding I was thinking of CAP 21 holding up CAP 40. Both still pending but excited to see protocol 18 live.
We are witnessing history. And, the price goes down. Does this equate to the price going up? XLM is essentially a stable coin right now.
Otherwise, Denelle Dixon expressed: PWG report is out and it says a lot. I’m encouraged by the conversation that has begun. Block chains like Stellar benefit from stable coins being a part of the ecosystem. Honored to be included and will continue to engage to ensure innovation continues.
Stellar expressed: The long-awaited PWG report was released yesterday and covered quite a bit of ground on stable coins. There’s still so much work to be done toward informed regulation.
We appreciate that the PWG consulted with industry – including Blockchain Assn and SDF’s GC Candace Kelly – in preparing their report. We shared how stable coins and open networks like Stellar can solve real-world problems and improve financial inclusion.
Encouraged by PWG acknowledging the value of stable coins and innovation in the payments space. SDF looks forward to engaging further with policymakers on how to enable financial inclusion, consumer protection, and right-sized regulation.
Community response: Like coming up with original code that’s not XRP? Get working guys. It’s actually fresh code my guy. You should read up if you are aware of that.
XLM is much ahead of the pack on regulatory compliance. This will drive true adoption. Just looks like Stellar is stable and well sustained in its growth.
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