Stellar Lumens News Today – Headlines for October 22

  • Stellar’s testnet reset scheduled for October 28, 2020
  • The roundtable will happen on October 29, 2020
  • USDC is a leading regulated and compliant USD-backed stablecoin

Stellar Lumens News Today USDC stablecoin is coming to the Stellar Blockchain. Meanwhile, Meridian Hackathon is starting this Friday. On October 15, the Stellar network announced that they are officially the main chain for the USDC stablecoin. USDC a world-leading regulated and compliant USD-backed stablecoin with over $2.5 billion worth of the token issued to this day. USDC will bring a new engaged and stable USD asset to Stellar for developers and users. Which will make it possible for users to leverage their transaction options on the Stellar network.

CEO of SDF Joined the Discussion on Cross-border Remittances

The CEO of the SDF Denelle Dixon was a part of the discussion on cross border remittances during the IMF-World Bank Annual Meeting. The SDF hosted a special roundtable on October 7. During the event, the board members of the SDF came together to discuss the implications of network effects and share their expertise on how to achieve the value-growth system. The Stellar Quest Series one had Challenge three go live.

Users who believe that they have the skillset to join Stellar’s Adventurers can make the best of their opportunity to win prizes, as well as fame and glory. The Kelpbot StellarBattle has ended. Back in August, Stellar launched a contest. They called users to create educational content. The content was to be based on the experiences of these users relating to using Kelp. There were 20,000 XLM in prizes for grasps.

Stellar is Managing the Secret Keys

Meridian is a free virtual Stellar Conference for 2020. The SDF (Stellar Development Foundation) will sponsor the hackathon. To participate in the Challenge old and new users will be motivated to build something that showcases the new features of the Stellar network. The final Stellar testnet reset for this year is scheduled for 10/28/20. The reset will clear all ledger entries alongside historical data from Stellar Core and Horizon. After the reset, users may want to recreate their accounts, assets, and offers.

The protocol will provide instructions about the best way to deal with the reset to users. As for the responsibility of managing secret keys, both non-custodial solutions and custodial solutions will serve as options. By October 29, the SDF will be hosting an Ecosystem Roundtable. The event will help to identify the most useful options available. They will discuss and identify the options that are better for the future of the Fintech sector, product development, and adoption.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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