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MetaMask integrates Stellar as default network for stablecoin payments

MetaMask added Stellar as a default network to support global stablecoin transactions, though users still face manual token activation requirements.

FTMQ Crypto, written by our newsroom0 views

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Picture: CryptoSlate

MetaMask integrated Stellar as a default network on October 29, according to reports from CryptoSlate and 24/7 Wall St., alongside announcements from Stellar and other crypto news outlets. CryptoSlate reported that the update adds a Stellar address to existing multichain accounts within MetaMask Mobile, offering a new route for stablecoin payments. [1][2][3][4][5][6]

CryptoSlate noted that receiving assets such as USDC through MetaMask requires specific initial steps. Before an unfunded account can receive tokens, users must fund the account with XLM and activate the receiving token, while cross-chain bridges still require manual setup. [1]

The integration aims to bring global payments to the Open Money platform, Stellar stated in its release. Stellar is a cryptocurrency protocol designed to facilitate transactions between any pair of currencies. [6][8]

Despite the network integration, market performance remained negative. 24/7 Wall St. reported that Stellar's native token, XLM, dropped 26 percent over the course of the month. [4]

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In short

  • MetaMask added Stellar as a default network on October 29.
  • Unfunded accounts require XLM funding and token activation to receive USDC on MetaMask.
  • The native token XLM declined by 26 percent during the month of October.

Sources

Every paragraph above points to the numbered items it rests on. Read the originals here.

  1. [1]MetaMask adds Stellar integration, but cross-chain bridges require manual setupCryptoSlate, 4d ago (the report this story comes from)
  2. [2]MetaMask’s Stellar integration gives existing users addresses with no setupThe Cryptonomist, 5d ago
  3. [3]Stellar joins MetaMask: What the wallet update brings to XLM usersAMBCrypto, 5d ago
  4. [4]Stellar Just Became a Default Network in MetaMask. So Why Is XLM Down 26% This Month?24/7 Wall St., 5d ago
  5. [5]Stellar to Be Integrated With MetaMaskTradingView, 5d ago
  6. [6]MetaMask makes Stellar a default network, bringing global payments into the Open Money platformStellar, 5d ago

Background

  1. [7]Proof of work on Wikipedia
  2. [8]Stellar (payment network) on Wikipedia
  3. [9]MetaMask on Grokipedia
  4. [10]Polygon Labs adds TRON network support to Open Money Stack payment framework FTMQ Crypto, 27d ago

Our newsroom writes these reports with the help of software, from the 10 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.

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Earlier reports of ours on the same people and subjects.

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