Trustlines on the Stellar (XLM) network are now available on D’CENT Wallet!
In our latest update of the D’CENT Wallet, we are excited to announce the integration of Trustline for Stellar (XLM) ledger to support the tokens ecosystem in the Stellar network.
What is a Trustline?
Similar to the XRPL’s Trustline, Stellar network also has it’s own system of issuing token currencies. In the Stellar network, a Trustline (issued currency) can be issued through a mechanism called “Anchors”, which take deposits of a real world asset and turn them into a token balance on the Stellar network.
⭐List of Stellar (XLM) Trustlines added in the D’CENT Wallet.
Aquarius (AQUA)
Stellar (yXLM)
USD Coin (USDC)
USD Coin (yUSDC)
Ternio (TERN)
Ixinium (XXA)
Mobius (MOBI)
Smartlands Network (SLT)
XRP (XRP)
Diruna (DRA)
Tether (USDT)
TheFutbolCoin (TFC)
GlitzKoin (GTN)
Stronghold Token (SHX)
Scopuly Token (SCOP)
How to add a Trustline
NOTE: Adding a Trustline on the Stellar (XLM) ledger will reserve 0.5 XLM, meaning this reserved amount gets locked in the XLM account.
1. A trustline can be added by simply searching for the name of the Trust Line asset. In this example, we will add Stronghold Token (SHX).
2. Select your XLM mainnet account which will be used to pay for transaction fees of the trustline activities.
3. Click on the “Create” button.
4. You can see that Stronghold Token (SHX) is added underneath the XLM mainnet account.
(IMPORTANT!!) How to set (activate) Trustline
Remember that just adding a Trustline does not mean you can receive the Trust Asset(issued currency) to this account. You must first SET (activate) the Trustline before you can receive funds.
1. Click on the Trust Line account and click on the ‘Receive’ button.
2. Notice that before activation, the address is not displayed. Click on ‘Set Trustline’ to start the activation.
3. Note that setting(activating) a Trustline will reserve 0.5 XLM (at the time of writing). To activate the Trustline, click on the ‘OK’ button.
4. When the Trustline is activated, the account will display the address.
How to disable a Trustline
A Trustline can be deactivated at any time, only when the balance in the Trustline account is completely emptied out. The 0.5 XLM that was reserved in the Stellar account will become liquid again.
👉 Disabling a Trustline account will free up 0.5 XLM which was reserved (locked) in your XLM account.
1. Click on the Trust Line account (ie: SHX) that you wish to disable (deactivate) and click on ‘Details History’.
2. Click on the ‘ellipsis (the 3 vertical dots)’ on the top right corner.
3. Click on ‘Disable Trustline’.
4. Click on “Disable” to proceed with the Trustline deactivation.
How to remove a Trustline account
To remove any unused Trustline account, click on the account and click “Hide” button.
This blog is for educational purposes only. Information presented here, including projects or brands mentioned, is informative and not financial, legal, or tax advice. While we strive for accuracy, we cannot be held liable for any inaccuracies. Cryptocurrencies are inherently risky. Do your own thorough research and consider consulting a financial advisor for investment decisions aligned with your goals and risk tolerance. External links may be present and we are not responsible for their content or practices. Review their terms of service and privacy policies.
