Venture Capitalist Claims SpaceX Uses Stablecoins to Avoid Foreign Exchange Risks

In a recent appearance on the All In podcast, Chamath Palihapitiya has disclosed that aerospace manufacturer SpaceX is using stablecoins to handle payments and mitigate foreign exchange risks from its Starlink satellite internet clients. Palihapitiya revealed that SpaceX employs the strategy of collecting payments from Starlink customers in countries with underdeveloped financial... source: https://news.shib.io/2024/12/23/venture-capitalist-claims-spacex-uses-stablecoins-to-avoid-foreign-exchange-risks/?utm_source=rss&utm_medium=rss&utm_campaign=venture-capitalist-claims-spacex-uses-stablecoins-to-avoid-foreign-exchange-risks