Stellar Development Foundation (SDF) is a nonprofit organization focused on advancing open source financial access for all. The Foundation develops and supports the Stellar network, a decentralized financial platform designed to make it simple and affordable for anyone to send, save, and receive money globally.
SDF's core mission is to build a common financial infrastructure that is open and accessible to everyone, regardless of geography or financial status. By leveraging blockchain technology, Stellar allows users and institutions to move money quickly and with minimal fees, aiming to reduce the barriers presented by traditional financial systems.
The organization manages the ongoing development of the Stellar protocol, ensures its security and reliability, and fosters a community of developers, businesses, and nonprofits building on the network. Unlike proprietary payment solutions, Stellar is open source, supporting interoperability and transparency for a global user base.
How was Stellar Development Foundation started?
Stellar Development Foundation was established by a team of industry and technology leaders, including David Mazières (Founder and Chief Scientist) and Jed McCaleb (Founder and Chief Architect). The Foundation is headquartered in San Francisco, CA, and operates with a team of 51-200 employees dedicated to financial inclusion and network innovation. The leadership team also features Denelle Dixon (CEO and Executive Director), along with senior executives in legal, policy, product, and engineering roles, ensuring a broad mix of technical and operational expertise. You can read more about their vision and leadership on their About page.
Who uses Stellar Development Foundation?
SDF works with a diverse range of partners and customers in both the public and private sectors. Notable organizations leveraging the Stellar network include MoneyGram, a global money transfer company, and UNHCR (the UN Refugee Agency), demonstrating the platform's application in remittances, humanitarian aid, and global payments. SDF's platform is designed to serve fintechs, banks, NGOs, and enterprises looking to build accessible financial solutions.
What makes Stellar Development Foundation different?
- Open Source and Nonprofit Approach: Unlike many financial technology companies, SDF operates as a nonprofit with a strong emphasis on openness and community collaboration.
- Global Accessibility: The Stellar platform is engineered to reduce transaction costs and simplify cross-border payments, providing meaningful benefits to underbanked populations worldwide.
- Strong Ecosystem Partnerships: Through collaborations with organizations like MoneyGram and UNHCR, SDF demonstrates real-world impact and broad adoption across industries.
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