As of February 2023, the circulating supply of XLM stands at over 26 billion XLM coins, from the total supply which stands at a little over 50 billion. At the time of Stellar’s launch in 2015, the SDF had issued a total of 100 billion XLM tokens. The Stellar Development Foundation (SDF) burned more than 50% of the XLM token’s supply in 2019 to reduce its circulating supply. The SDF was given control of around 30 billion XLM tokens, which it has been using for Stellar’s marketing and development, and also for investing in other ventures. The remaining tokens make up the circulating supply and are available in the market for use within the Stellar network and for trading in the crypto market.