Uber Considers Stablecoins to Cut Global Payment Costs

Uber is exploring stablecoins as a way to reduce international payment expenses, according to CEO Dara Khosrowshahi.

Speaking at the Bloomberg Tech Summit, he said the company is in the early research phase but sees stablecoins as a practical use of crypto with real-world benefits.

Khosrowshahi highlighted stablecoins’ potential to streamline cross-border transactions, calling them “promising” for global businesses. These dollar-pegged digital assets are designed to maintain price stability and reduce transfer fees.

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Corporate Interest in XRP Surges as Firms Eye It for Treasury Reserves

Corporate and government interest in stablecoins is growing. Stripe has begun discussions with banks, and a Fireblocks report found 90% of institutions are assessing stablecoin use. Meanwhile, countries like Russia and the UAE are exploring state-backed versions.

According to Citigroup, the stablecoin market cap hit $230 billion in April, with annual transaction volumes surpassing $27 trillion—outpacing Visa and Mastercard. Uber’s interest reflects a broader shift toward blockchain-based tools for financial efficiency.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.