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Cryptoslate
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Elon Musk’s SpaceX uses stablecoins to hedge against foreign exchange risks
- SpaceX uses stablecoins as a hedge against foreign exchange risks.
- The company collects payments from customers in long-tail countries and converts them to stablecoins.
- Stablecoins should become the primary method of cross-border transactions in the U.S.
- Stablecoin providers like Tether and Circle are competing with traditional financial institutions.
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