Reported about 23 hours ago
Chamath Palihapitiya disclosed on the All In podcast that SpaceX is using stablecoins to process payments from Starlink customers, particularly in countries with underdeveloped financial systems. This approach mitigates foreign exchange risks and simplifies transactions by converting stablecoins to U.S. dollars after transfer. The move reflects the growing preference for stablecoins in regions where traditional banking options are scarce, showcasing how companies like SpaceX are adapting to the evolving cryptocurrency landscape amidst regulatory changes.
Source: YAHOO