{"id":853706,"date":"2025-06-06T09:11:48","date_gmt":"2025-06-06T14:11:48","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/06\/uber-in-study-phase-of-using-stablecoins-to-lower-costs-says-ceo\/"},"modified":"2025-06-06T09:11:48","modified_gmt":"2025-06-06T14:11:48","slug":"uber-in-study-phase-of-using-stablecoins-to-lower-costs-says-ceo","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/06\/uber-in-study-phase-of-using-stablecoins-to-lower-costs-says-ceo\/","title":{"rendered":"Uber in \u2018study phase\u2019 of using stablecoins to lower costs, says CEO"},"content":{"rendered":"
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Ridesharing giant Uber is in the \u201cstudy phase\u201d of using stablecoins to help reduce the costs of moving money around the world, says its CEO Dara Khosrowshahi.<\/p>\n

Khosrowshahi said<\/a> on stage at the Bloomberg Tech Summit in San Francisco on June 5 that Uber is \u201cdefinitely going to take a look\u201d at stablecoins.<\/p>\n

\u201cWe\u2019re still in the study phase, I\u2019d say, but stablecoin is one of the, for me, more interesting instantiations of crypto that has a practical benefit other than crypto as a store of value,\u201d he said.<\/p>\n

\u201cObviously, you can have your opinions on Bitcoin, but it\u2019s a proven commodity, and you know, people have different opinions on where it\u2019s going,\u201d he added.<\/p>\n

Uber CEO Dara Khosrowshahi said the company is in the study phase of possibly using stablecoins. Source: <\/em>YouTube\u00a0<\/em><\/a><\/figcaption><\/figure>\n

Stablecoins<\/a> are a type of cryptocurrency aiming to mirror the value of traditional currencies, most commonly the US dollar. They\u2019re typically backed by reserves of cash and short-term government bonds.<\/p>\n

Khosrowshahi said that stablecoins are \u201csuper interesting to us,\u201d primarily as a payment vehicle for transporting money.<\/p>\n

\u201cI do think that stablecoin is quite promising, especially for global companies that are moving money around globally to create a mechanism for us to essentially reduce costs in terms of moving money internationally,\u201d he said.<\/p>\n

Stablecoin interest on the rise<\/h2>\n

Other companies and even banks have been increasingly interested in using stablecoins in some form for business.<\/p>\n

In May, co-founder and president of payment giant Stripe John Collison said in an interview with Bloomberg<\/a> that his company had been in early discussions with banks about potentially integrating stablecoins.<\/p>\n