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Uber Eyes Stablecoins to Cut Global Transfer Costs, Says CEO

  • Uber is exploring the use of stablecoins to enhance cross-border money transfers, aiming at reducing costs and improving speed.
  • Stablecoins are seen as a practical option for Uber due to their price stability and real-world payment utility compared to Bitcoin.
  • Global firms like Uber are showing an inclination towards stablecoins for international transactions to benefit from faster and cheaper transfers.
  • Despite the growing use of stablecoins, regulatory concerns exist around their framework in the U.S., with ongoing discussions around guidelines and clarity.

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