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      Stellar Network Welcomes MoneyGram, Figure, and Range as Tier 1 Validators

      The Stellar Development Foundation has announced the addition of MoneyGram, Figure Markets, and Range as Tier 1 validators on its network, a move that underscores a significant institutional commitment to regulated blockchain payments. This integration, which began on July 16, 2026, is expected to be completed by mid-August 2026.

      Tier 1 validators play a crucial role in the Stellar Consensus Protocol, operating multiple geographically distributed nodes and maintaining a high uptime of 99.9% or better. Unlike traditional blockchains, Stellar's model relies on a network of trusted peer relationships rather than transaction fees or block rewards, making the role of these validators essential for the network's reliability.

      MoneyGram, a long-time partner of Stellar, serves over 60 million customers globally. Figure Markets focuses on regulated asset issuance, while Range specializes in asset monitoring across numerous networks. Their involvement as Tier 1 validators enhances the network's fault tolerance and resilience, as these firms are motivated by the operational stability of Stellar rather than financial incentives from the protocol. This shift marks a significant evolution in the network's infrastructure, broadening its geographic distribution and operational diversity.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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