Reflector has introduced a significant development by launching a new data provider and oracle contract on the Stellar network, which quotes foreign exchange rates for various currencies, including EUR, GBP, CAD, and BRL. This innovation is live on the Stellar pubnet and seeks to enhance cross-border payment systems by providing accurate on-chain FX rates, allowing for seamless multi-currency transfers. The project not only supports decentralized finance (DeFi) protocols, such as lending, trading, and collateral systems, by ensuring reliable exchange rates but also enhances the real-world valuation of stablecoins and asset-backed tokens with trustworthy FX feeds. The DAO associated with Reflector is actively seeking proposals for additional FX rates, indicating a dynamic expansion strategy. This reflects an important step in expanding the Stellar network’s capabilities and its applications in the financial sector. As a result, the Stellar ecosystem stands to gain considerable functionality advantages from this new addition.