Top 6 Stellar Blockchain Use Cases

Stellar offers a versatile platform that powers a variety of applications, from asset tokenization to seamless cross-border transactions.

In this article, we will explore the most remarkable Stellar blockchain solutions and use cases, and examine how this platform drives innovation.

Top 6 Stellar blockchain use cases

The Stellar blockchain supports a wide range of use cases. Below, we will highlight the most outstanding ones based on our analysis of Stellar’s official resources. However, it is worth noting that Stellar has much more to offer and is likely to support many additional blockchain-based applications in the future.

1. Cross-border payments

One of Stellar’s most powerful applications is in making cross-border payments easier and more accessible. This is a vital solution for people and businesses in areas with limited traditional banking services.

The Stellar network allows digital assets to be transferred across borders quickly and at a fraction of the usual cost, making it ideal for remittances, peer-to-peer payments, payroll, banking invoices, enterprise and social payouts, merchant settlements, and other financial transactions that need to be fast and affordable.

For example, ClickPesa uses Stellar’s blockchain to provide digital financial services across East Africa, including countries such as Tanzania, Kenya, and Rwanda. With Stellar, ClickPesa users can make payments, exchange currencies, and easily send remittances without the high fees or long wait times that typically come with these transactions.

2. On and off ramps

In many places around the world, cash is still the go-to method for transactions, and shifting to digital finance can be a bit tricky. Stellar Ramps, for its part, simplifies this transition and empowers users to smoothly convert cash into digital assets or use traditional payment methods with ease.

Stellar Ramps is an open set of standards that enables your app to easily connect to a global network of Stellar anchors. With a single integration, you can offer users new ways to manage payments and onboarding, using both fiat and cryptocurrencies.

For businesses, this means a one-time integration that instantly connects them to Stellar’s extensive network of on- and off-ramps. The expanding ecosystem, now including partners like Kado and Payfura, gives users a variety of options to effortlessly switch between cash and digital payments.

3. Asset tokenization

Stellar allows you to turn real-world assets like cash, commodities, and even real estate into digital tokens.

For example, with Stellar, you can invest in a portion of a property rather than having to buy it outright. This means more people can get involved in real estate investments without needing huge amounts of money.

As of early 2024, Stellar has already tokenized over $533 million in assets, which shows how quickly it is becoming a key player in making assets more liquid and accessible.

4. Microtransactions

Stellar’s low transaction fees and fast speeds make it ideal for microtransactions. This implies that one can easily charge small amounts for digital content like articles, music, or videos on a per-user basis. Content creators can receive tiny payments in XLM (Stellar’s native token) or other tokens, which opens up new ways for them to earn money from their work.

Imagine being able to pay just a few cents to read an article or listen to a song — Stellar makes this possible and allows for smooth and affordable transactions. This supports innovative ways to monetize content as well as encourages creators to produce quality work, knowing they will be rewarded with every small payment.

5. Aid Assist

Built on the Stellar Disbursement Platform, Aid Assist is an open-source solution that helps organizations quickly distribute money wherever there is an internet connection, making it easier to manage large-scale humanitarian aid.

With Stelalr’s Aid Assist, recipients don’t need bank accounts or prepaid cards — they can access their funds through digital wallets even if they move across borders. The system also protects against theft, loss, and currency devaluation, all while keeping transaction fees super low — just 1 cent per 10,000 transactions. Thus, it is a game-changer for getting help to those in need quickly and securely.

6. Decentralized finance

Stellar is an excellent choice for creating decentralized finance (DeFi) applications. It gives you access to a robust network with over 8 million accounts and lets your app tap into a global system of stablecoins, on and off-ramps, and real-world assets.

With Soroban, Stellar’s developer-friendly platform for smart contracts, you can build DeFi solutions that are both scalable and practical. Companies like Zettablock, Allbridge, and Glo are already using Stellar to innovate in the DeFi space. Plus, Stellar offers detailed documentation and support to help you every step of the way.

Closing thoughts

Stellar’s blockchain is making waves with its diverse applications. Whether it is speeding up cross-border payments, making it easy to switch between cash and digital assets, or enabling the creation and trading of tokenized assets, Stellar is at the forefront of innovation. Moreover, it is also upending how we handle microtransactions, allowing for tiny payments for digital content, and transforming aid distribution through its Aid Assist platform with fast and secure transfers. On top of that, Stellar’s DeFi capabilities are opening doors to new financial solutions with its smart contracts.

If you are excited about leveraging Stellar’s potential, our PixelPlex Stellar development services are ready to help you make it happen.

With over 11 years of experience in blockchain development, we know how to turn your ideas into reality.

Let’s work together and build something extraordinary. Reach out to our team and get a consultation from our blockchain experts.