Stablecoins are finding product-market fit in emerging markets
SpaceX faced problems accepting payments in developing markets as its Starlink service expanded to more than 100 countries. This caused the startup to turn to stablecoins, which allowed it to accept cheap and near-instant cross-border transactions. Stablecoins are now a $205 billion market driven by real-world utility, particularly in emerging markets. They are becoming a core part of financial markets and it is possible they could replace outdated financial systems as adoption accelerates.