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In-depth explanations and articles concerning specific topics of interest.

📄️ Anchors

An anchor is a Stellar-specific term for the on and off-ramps that connect the Stellar network to traditional financial rails, such as financial institutions or fintech companies. Anchors accept deposits of fiat currencies (such as the US dollar, Argentine peso, or Nigerian naira) via existing rails (such as bank deposits or cash-in points), then sends the user the equivalent digital tokens on the Stellar network. The equivalent digital tokens can either represent that same fiat currency or another digital token altogether. Alternatively, anchors allow token holders to redeem their tokens for the real-world assets they represent.