Elon Musk’s SpaceX uses stablecoins to hedge against foreign exchange risks

Monika Ghosh

SpaceX uses stablecoins to dodge foreign exchange risks, Silicon Valley venture capitalist Chamath Palihapitiya said in the All-In podcast on Friday. Foreign exchange risk refers to the risk of losses that could arise from drastic fluctuations in a currency. For example, if a U.S. company has customers in Brazil that pay in Real (BRL), the […]

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Elon Musk’s SpaceX uses stablecoins to hedge against foreign exchange risks