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SpaceX uses stablecoins to avoid foreign exchange risks by collecting payments in stablecoins from customers in long-tail countries and converting them to dollars in the U.S. This method could become the primary way for cross-border transactions in the U.S., competing with traditional financial institutions and reducing costs for transfers. Elon Musk’s companies, like Tesla and SpaceX, have shown interest in cryptocurrencies and stablecoins.
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