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.