Sounds like it's used for accepting payment from Starlink customers in numerous counties:

> The company [SpaceX] partnered with Bridge, a stablecoin payments platform, to accept payments in various currencies and instantly convert them into stablecoins for its global treasury.

Why can’t bridge just convert the money into USD? What’s the point of the stable coins step?

Once you buy the stablecoins, moving the money anywhere is an API call and a sub-1¢ transaction fee, rather than a cross-border wire transfer and a multi-day settlement process.

I still don’t know why there is the settlement process. If it was just a row in the database that this person has N dollars, why isn’t that enough?