What types of assets can be traded on the Stellar network?
The Stellar network is a decentralized blockchain-based platform that enables users to trade a variety of assets.
These assets can be divided into two main categories: digital assets and fiat currencies. Digital assets are digital representations of real-world assets, such as stocks, bonds, commodities, and other financial instruments. These digital assets are stored on the Stellar blockchain and can be traded with other users on the network.
The most popular digital asset on the Stellar network is Lumens (XLM), which is the native cryptocurrency of the platform. Other digital assets that can be traded on the Stellar network include stablecoins, security tokens, and utility tokens. Fiat currencies are government-issued currencies such as US dollars, euros, British pounds, Japanese yen, and more.
These fiat currencies can be exchanged for one another or for Lumens (XLM) on the Stellar network. This allows users to easily convert their fiat currency into a digital asset or vice versa without having to go through a third-party exchange or service provider. In addition to these two main categories of assets, users can also trade other types of tokens on the Stellar network such as loyalty points and rewards points.
These tokens are typically issued by companies or organizations as part of their loyalty programs or rewards programs. They can then be exchanged for other tokens or Lumens (XLM) on the Stellar network.