Blog Article

Stellar Development Foundation Q4 2020 in Review


Stellar Development Foundation

Publishing date


Quarterly report

Despite the unprecedented circumstances and dramatic changes around the globe, 2020 proved to be a landmark year for the Stellar Development Foundation (SDF) and the Stellar network. By organizing our work around three strategic pillars, SDF rode the momentum to help deliver significant growth in the ecosystem and increase visibility and awareness amongst key stakeholders. 

The Q4 report outlines our team’s accomplishments in ensuring the robustness and usability of Stellar, being the blockchain people know and trust, and fostering sustainable use cases. Their efforts culminated in a banner Q4 for SDF. Highlights from Q4 include:

  • SDF announced a partnership with Centre Consortium to bring USD Coin (USDC), the world’s leading compliant and regulated digital dollar stablecoin, to the Stellar network. In addition, Stellar anchors BitBond and Settle launched three other stablecoins: EURB, ARST, and BRLT.
  • SDF signed an MOU with the Ukrainian Ministry of Digital Transformation to serve in an advisory capacity as they seek to develop a virtual assets strategy.
  • SDF made its fourth enterprise fund investment of the year in Settle Network to support their product growth for the world’s first stablecoin exchange, bringing the total invested from the fund in FY20 to $9.265M.
  • Protocol 15 launched in November 2020 with the validator vote, delivering important technical upgrades and developments designed to make it easier than ever to connect to the global financial infrastructure. Two new features were introduced: Claimable Balances and Sponsored Reserves.
  • Data demonstrated the maturity and robustness of the Stellar network — Q4 increase in total accounts (3%), total payments (26%), average daily operations (12.9%), average daily DEX volume (138%), total operations processed (12.9%), and an astounding 1819% increase in relevant assets from the start to end of 2020.
  • SDF’s largest event of the year and Stellar’s 2nd annual conference — Meridian — took place over the course of a week. The virtual event, themed Global Connections to Solve Real World Challenges, featured 45 live-streamed sessions with 95 speakers, in addition to 32 networking sessions and roundtables. 2130 people registered from 87 countries, making our audience truly global.

‍Read the Q4 report to learn more about these highlights and other strategic achievements from Q4. You can also watch the Q4-in-review webinar below, where SDF CEO and Executive Director, Denelle Dixon, was joined by General Counsel, Candace Kelly, and Head of Ecosystem, Justin Rice, to discuss how SDF made inroads on its strategic pillars.