Stellar Lumens XLM Will Be Bigger Than You Think!!!!!!! PAY ATTENTION

Added: 2026-05-10

[00:00:00]Hello, welcome back ladies and gentlemen. Today we are going to be talking about what Dell Dixon, the CEO of the Stellar Development Foundation had to say over at the Milin Institute.

[00:00:11]I think it was their 28th conference has just concluded. I think it was from the 3rd to the 6th of May. There were only really three main figures from the cryptocurrency space there out of the hundreds of speakers including Black Rockck CEO Larry Frink that spoke about the future um asset that compute may be very interesting but we're not going to talk about that in this video. You should be thinking about that though as an investor.

[00:00:35]Um but the three were Denell Dixon Militi from Hideera um and of course you had Brad Garlinghouse was kicking around somewhere and Dell Dixon's obviously the CEO of Stella Development Foundation.

[00:00:46]the Stella Development Foundation are kind of in charge or in part a big part in charge of Stella's success as far as real world impact and change and that's what she actually talks about at the uh Milin Institute and I want to cover that with you guys today. So this was the conference leading in a new era. You can see the partakers. It was over four days. 200 plus sessions, 300 plus registered media partners, 900 plus speakers, and 4,000 participants. You got the likes of Jensen uh from Nvidia. Honestly, there was some of the largest um individuals in the world as far as business technology.

[00:01:34]Um you know, that's what this conference is is kind of really all about. finance, business, technology, philanthrop philanthropy, industry, and society. And and the panel that we're going to be focusing on, and we're going to be looking at what Denell Dixon has to say, there is one titled Breaking Barriers and Borders, which is really what crypto is all about. And you can see who was on this. You've got New Bank, their vice chairman and global head, Denell Dixon from the Stella Development Foundation. Hib who's the managing partner at Dragonfly. I believe that's is our VC, I think. I'm not too familiar with Dragonfly, actually. I know Hib's big in the crypto space, always got a lot to say. Um, you've got Grayscale, their chairman, Barry Silbert, we're all familiar with, and Nigel Morris, who's a managing partner of an investment uh, company. So, we're going to be focusing on what Denell Dixon has to say. The reason I'm kind of going through this or introducing this very quickly um, is because there's a lot. And where we're going to start is with her talking about her prior experience and really, you know, she helped to create Firefox.

[00:02:36]Um, if you understand the internet, you understand that crypto is the kind of financial evolution of that and Stella is the future of onchain uh kind of internet enabled uh financial activity. Um, and to kick things off, we're going to listen to her prior experience and how that's kind of shaped her in regards to the role that she's currently in. Let's go ahead and get straight into this. So great because Stellar is Thank you for being here um for this is really um it's such an honor to be able to be on stage with these guys. Uh the Stellar is actually not putting itself on the map as much as it's helping other companies to be put on the map. Felix Pago for example all these companies that are delivering the that are using stable coins that are using these rails to be able to make change in the world. So my early days I came from uh Mosilla. I was the the COO at Mozilla and I ran the business and the policy and I helped to build the the Firefox browser from an engineering stack standpoint. And what I really wanted to do at that point was have a tip jar in the upper right hand corner of the browser that allowed us to allowed any user to come on and to be able to tip any content. So if they wanted to look at a piece of content, they could pay the content. The blocker for that at the time was the fact that this is before you started having to pay the monthly subscriptions for all of these content providers. But the blocker for that was the fact that a was a lot was very expensive. So when you wanted to tip 50 cents, you were really tipping a$150, but a dollar of it was a fee. Uh so that was not really workable at that point. Blockchain changed that. So when I had the opportunity to move into the blockchain space seven years ago and to come to Stellar and to really think about that financial underpinning of the web and traditional the traditional web and look at all the things that we wanted to do is to have this open technology but to be able to have it available to everyone and then have everyone have access to a financial model to be able to make payments. We can do that now.

[00:04:31]>> We'll just start with that. She's going to go on to talk about Africa. Um there's barriers to the internet.

[00:04:36]there's barriers to how barriers to how the world works financially. And one place there's certainly more barriers than perhaps in the west but less obstacles I think is a really good way to phrase it is Africa and and we looked at a UN report uh involving Stellar and it really highlights consistently throughout the whole article just their impact within Africa and how it's changing the world in that continent.

[00:04:58]But it's more broad. The future of money is on chain. There's something guys I always want you to remember this really big going on here with crypto. the monetary system is failing or at least showing strain just like it did in the pre-bet Bretonwoods era. Hence, you ended up with Bretton Woods on July the 1st, 1944.

[00:05:19]Then we had the Nixon shock strains again. There was a kind of birth of a new financial system. Now, now we're looking at a similar one. Um, and stable coins, DTS like Stella are the heart of that. Never forget that. And there's such an opportunity there. This is why we do what we do on a daily basis. Let's get into her talking about Africa and what's going on there and how that issue that she uh faced uh with Firefox which is a very early browser. So she was key in regards to enabling the internet as we know it or that evolution. Um Stella's solving and it's doing that in a real world impactful way not just in the developing world but the uh developed >> of I spend a lot of time on the African continent spend a lot of time with uh companies that are building there. So much of the challenge that I don't think that we understand sometimes is that when you are uh let's say you're you're a creator in Africa and you want to export your talent outside of the continent, you need a dollar bank account to get a dollar bank account.

[00:06:17]You need to come to the US, get an address, be able to have that set up for you so that then you can go back home to be able to put that bank account into your YouTube, your TikTok, your Facebook, whatever. Uh that's just not workable and it doesn't make a lot of sense. Also, if you want to if you want to be able to promote or deliver a movie, like let's say you're you're wanting to you're a creator who wants to make a movie, a lot of times you're going to have to go outside of the continent to be able to um get the funding for that movie and sometimes to even make it. So, part of what we're really focused on is working with these local companies to be able to solve local challenges. So, now you can actually have a US dollar virtual account. Creators never have to leave the continent. they can actually get paid into their US dollar virtual account in USD and convert it to the local currency using the pipes that Nigel referenced. The the the local uh rails that are uh rails that that are going to need to do KYC, going to need to do AML, but are going to convert from crypto to fiat, that is what's happening on the continent. It's actually happening a lot in um in uh Roberto, what Roberto talked about in uh Latin America and South America. It is remarkable and gamechanging. It is gamechanging from a remittance standpoint. Think about the diaspora who want to send their value to back to their families. That's a really important piece of it. But I want to look at it fromme standpoints. These companies that want to be able to just sustain and grow their businesses and they want to do it locally. Now they can because you can actually get you can create you can create crowdsource funding. You can actually get capital access to capital markets on on Stellar on the blockchain. There's so much that you can do and it really changes the game and equalizes the playing field which is exactly what we set out to do at Stellar. So when I think about the map, the map is truly a global global map. One thing that I think is really really important is that like we did with the web, we wanted it to be open available to everyone. Same thing has to be true for financial services. anytime we start to see vertical integration or challenges with respect to toll boosts or anything coming in place to make it so that it's harder to be able to make that move at this point right now it is less than a 1/100th of a penny to be able to send value on stellar from right here in Ghana in one second less than 1/100th of a penny now there's going to be cut the there's going to be uh fees on the edge with respect to the KYC AML providers that's rational those folks have feet on the ground they're doing things there but it just is gamechanging technology and we have to keep it open.

[00:08:37]We have to make it move like the internet and uh so this is what we're trying to do.

[00:08:41]>> I was excited to share this because I watched this and just thought wow you know not only do I have this big idea of a kind of Brett and Woods 3 um and all of you should because it's going to impact money which is going to impact your lives whether you care about finance or not whether you care about crypto or not. I mean this is so big and and and the space is going through unfortunately some teething problems which one would expect um because it's just really been plagued I guess by pure speculation and nonsense and now we're moving into adoption. The UN put out a paper and Stella was just all over it, weren't they? Uh in every which way. I mean she talks about Ghana.

[00:09:18]You know, there's loads of other DTS in here that that we covered, but you know, you've got sort of uh Syria here um with w with the UN, the Stella network and dispersement platform, Digi Bankank wallets. I can show you so many examples on this paper. We did we did a longer video on on the UN's paper, Stella having real world impact that just doesn't apply to the everyday individual, but small to medium enterprises, so on and so forth. Um there's a a clip of her being asked about dollarization and saying that they're speaking to central banks a lot about how they can fight against this and Christine Guard actually came out and said something about this today in regards not tokenizing euros but the deposits Dell Dixon I'd say she's probably been speaking to members of the ECB. We've spoke to members of the ECB at least had conversations with them at conferences and things like this. Um, you know, Denell's obviously, I think, on the same line of thinking and this is their combat. Um, so let's get into this.

[00:10:20]>> It's important to know that what's happening and what's most important to be able to maintain at least not so that we don't get to the world of completely being dollarized is that the rails the the last mile is actually easily convertible. And if we don't think that so for example in uh in Ghana you can send USD stable coins to Ghana and then you can convert to mobile money. Huge huge for them. So we need to be thinking about that last mile and there are a lot of central bankers that are already thinking about this. Roberto just talked about it. It's something that I spend a lot of time talking to central bankers about how they can think about it. A lot of it is like stable bonds which are export your own government debt, tokenize it, put it on chain, make it so that you can buy it outside the country.

[00:11:04]That's something that companies are doing. I Etherfuse is doing it on Stellar. It's amazing to see it happen.

[00:11:10]It's actually taking on a really strong foothold because then you're in the currency. You can go from a US dollar stable coin into the government debt and then you're in the currency. So there's no uh FX transaction there. These are things we're going to see happen. So yes, >> very interested. There's there's a lot of sort of talk around, you know, can we trust this? She's about to tackle that.

[00:11:28]Um let's play this and then and then I'll just finish things up on a quick clip of her talking about Franklin Templeton. you know, Stella's impact in the world, I think, is clear based on these clips and there's a reason she was at the Milin Institute.

[00:11:40]>> It is a really big concern and central bankers need to think about it. And I also agree that there's a lot of countries that sometimes can't be trusted with respect to this. But the the getting to your question about code can be trusted. Open code can be trusted. Open auditable code can be trusted. You can see right now that even for stellar cell, it's an open public network. And one of the things that we see is that AI has actually dramatically increased the finding of bugs at every issuance of the the new AI platform that comes out. They find additional ones.

[00:12:14]So, and we've actually created internal systems using AI to be able to find those ourselves on the open on the open networks. Closed code is a challenge because you can't trust closed code because you can't see it, you can't touch it, you can't audit it. So, I do think that code is something that even governments are actually way more comfortable because they can see the outcome. Institutional privacy hugely important piece that needs to be put on the black on the blockchain. It is something that you're going to see happen in the next four months.

[00:12:37]>> Boom. There we go. Last little clip I want to play for you is in regards to Franklin Templeton. We've done work on all of this previously, but it was nice to see it all brought together and the big kind of vision and and plan be put in place here. It's not just about the dollar. It's about central banks broadly.

[00:12:51]>> Let's talk about how that's made an impact in investing in legitimacy and stability.

[00:12:57]>> Yeah, I'll say that Franklin Templeton.

[00:12:59]So I started at the foundation in May of uh 2019 and in November we had our first uh Meridian conference which is the conference that we hold for the ecosystem. I walked out of Meridian to a press release or to a public filing by Franklin Templeton that said that they were building a money market fund on Stellar. Now that was in November of 2019.

[00:13:22]They actually launched the fund five years ago. We just celebrated our five-y year anniversary last week in New York in terms of working together. They picked, this is the beautiful thing about open source technology. They picked the tech stack on their own. They didn't talk to us beforehand. That is what open technology allows. That is permissionless. They came and they said this actually, this tech stack has everything we need to be able to put this. Took it to the SEC. Took a really long time to get through. But they have now over two billion in money market fund uh in in that um in Benji, which is the the name of that fund on um on chain. It's huge. They have 200 over 200 million people have transferred that asset peer-to-peer in just the last six months because that's the SEC finally allowed them to do peer-to-p peer exchanges. It's actually gamechanging from a stable coin standpoint too because while here in the US stable coins are going to be useful, what people want outside the US is access to yield. So when you can actually hold money market funds that are giving you yield and you can transfer them peer-to-peer and they become permissionless and you can use them in decentralized finance, it is gamechanging. So this is a part of the world that we need to really think through and and Franklin Templeton itself has issued funds on stellar outside of the United States so that you can have access to it in different parts of the world. So I think that what we see with respect to these folks that are new movers, the other thing that I love about the fund is that you don't actually have to hold that asset until 4 p.m. every day in order to get the interest. You can go in, you hold the asset for three minutes, you go out of it, you get your interest for those three minutes. This is crucial. This is a really, really important piece. This is the value of what the technology allows and what someone like Franklin Templeton, a 75year-old company has been able to do.

[00:14:59]>> Thanks.

[00:15:00]>> Let's leave it there. You know, Stella is going to be unbelievably impactful.

[00:15:02]That Franklin Templeton fund, by the way, Benji, we looked at a Alium report and it really highlights just how ahead Stella is in regards to what they're doing in relation to that. It provides the cheapest access to a fund. um which on Ethereum the you know you've got $10 on or $20 I think it was on Stella to gain access to that fund. It's 5 million on Ethereum. I don't need to say anything else guys. Stella's king.

[00:15:27]That's it from me. I'm gonna love and leave you. Thanks for watching. See you all soon.