What does Stellar Development Foundation do?

The Stellar Development Foundation (SDF) is a non-profit organization based in San Francisco, California, founded in 2014. Its mission is to create equitable access to the global financial system through the Stellar blockchain network. SDF is self-funded and operates without shareholders or profit motives, focusing on open-source financial access for all. SDF oversees the governance and strategic development of the Stellar network, which is an open-source, public blockchain designed for payments, asset issuance, and stablecoins. The foundation develops tools and resources for developers, provides grants to support projects that enhance the network's utility, and promotes financial literacy and inclusion. The Stellar network connects various users, including financial institutions, payment providers, NGOs, and developers, enabling seamless and low-cost cross-border transactions.