XLM, or Stellar Lumens, is the native digital asset of the Stellar network, which aims to facilitate cross-border transactions and improve financial access. Created in 2014 by Jed McCaleb, Stellar focuses on enabling quick and low-cost transfers of value, especially for unbanked populations.The Stellar network operates on a decentralized blockchain, allowing users to send money in different currencies easily. Through a process known as anchoring, it connects various currencies, enabling conversions on the platform. Transactions are confirmed rapidly, typically within a few seconds.XLM is used primarily as a bridge currency for these transactions, helping users exchange different currencies without needing a direct market. Stellar aims to provide a more inclusive financial system by partnering with financial institutions and organizations, promoting remittances and transactions without high fees.In summary, XLM serves as a critical component of the Stellar network, supporting efficient and affordable cross-border payments.