Stellar (XLM) Foundation Hires Former Mozilla Exec Denelle Dixon

In a drive to rebrand and increase its public profile, the Stellar project is reorganizing its leadership.

The Stellar Development Foundation (SDF) has hired Denelle Dixon as its new Executive Director and Chief Executive Officer. Dixon, a former executive at Mozilla, will take over the Foundation in May, just in time for the upcoming launch of Stellar’s new corporate identity.

Dixon will take over some of the roles of co-founder Jed McCaleb, who will move on as Chief Architect of the project. McCaleb commented on the leadership reshuffle:

"We're thrilled to have Denelle lead the Stellar Development Foundation through its next phase of growth," said McCaleb. "Denelle's long experience leading operations and business at Mozilla, as well as her work on the policy side, with advocacy around Open Internet and encryption and privacy, will be indispensable to SDF in the coming years."

Previously, Dixon has served as COO of Mozilla, being a prominent fighter for net neutrality and personal data ownership. Dixon is taking the experience of a project dedicated to openness into Stellar, which aims to be an accessible, open-source project. The Foundation’s role is to support the project’s codebase, manage grant programs, and build a technical and business community around Stellar.

The changes at the Foundation were announced just days after Stellar unveiled its new logo. The project also came into the spotlight as it is in the initial stages of trading on Coinbase Pro.

The changes at Stellar are seen as signals that the project is preparing for a wider cooperation and adoption of its technology by banks.

Following the news, the market price of XLM consolidated at around $0.10, still up more than 22% in the past seven days. XLM price spikes are still cautious, and the asset is still far from the peaks above $0.86. The talk of wider adoption is boosting the hopes of XLM reaching a higher valuation, but the bear market still keeps the asset depressed.

The short-term predictions for XLM involve the upcoming presentation by Jed McCaleb at Money 20/20 in Asia next week.

Neither the author nor the publication assumes any responsibility or liability for any investments, profits, or losses made as a result of this information. Cryptocurrency trading and investing are risky propositions, and market participants are advised to always conduct thorough research.

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