<ul><li>Elon Musk's SpaceX subsidiary, Starlink, is using stablecoins to mitigate foreign exchange risks.</li><li>SpaceX collects payments from Starlink customers globally and converts them into stablecoins.</li><li>The stablecoins are then re-converted to US dollars, allowing SpaceX to avoid dealing with foreign money exchange challenges.</li><li>This highlights the growing competition between the crypto and blockchain sector and the traditional banking sector.</li></ul>

Elon Musk’s SpaceX uses crypto stablecoins to fight against “foreign exchange risks”

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