In 2021, Elon Musk had long become not just an entrepreneur, but also a de facto 'influencer' in the crypto market. He actively posted about Dogecoin, supported Bitcoin, and then sharply became disillusioned with its environmental impact, causing price fluctuations worth billions of dollars. But one little-known story is related to the stablecoin USDC and Musk's possible involvement in the realm of an alternative digital dollar.
At the beginning of 2022, rumors circulated that Tesla or SpaceX were considering partially holding funds in $USDC — a stablecoin pegged to the US dollar. Why was this important? Because Tesla had already bought $1.5 billion in Bitcoin, and if the company started using stablecoins, it would signal to traditional businesses: ‘this is no longer hype, but a normal financial instrument.’
Once, Musk posted a mysterious tweet on Twitter (now X):
Fiat is just a database. Crypto is a dynamic ledger. Stablecoins are the halfway point.
This post sparked a wave of speculation: does it support $USDC or hint at creating Tesla's own stablecoin? Within hours, the capitalization of USDC grew, and social media was flooded with memes saying 'Elon loves USDC.'
Later, a representative from Circle (the issuer of USDC) hinted that they are 'happy about the interest from major tech players,' but did not confirm any deals.
Musk himself explained nothing — and that was all of him. But even without an official move, he made it clear: crypto, including stablecoins, is already on the radar of the most influential people in the world.
