The Stellar Development Foundation's (SDF) validator nodes have stopped validating transactions on the Stellar network. According to an announcement, the SDF's public Horizon API instance is also down. The foundation notes the Stellar network is still online.
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"SDF's engineering team is working to determine the cause and to resolve the issue and bring SDF's nodes back online as quickly as possible," the foundation said.
SDF highlights the network itself "has not halted" as it is decentralized and has no dependencies on a centralized node. However, several cryptocurrency exchanges have already suspended withdrawals and/or deposits of XLM, Stellar's native token. As of press time, XLM is trading at $0.5142 (+0.16%).
In January, SDF invested $5 million in Wyre, a blockchain payments company. Thus, the foundation wanted to integrate Wyre's APIs with the Stellar network, enabling Stellar USDC on/off ramps in USD, GBP, CAD, AUS, and EUR.
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