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Uber May Use Stablecoins to Cut Costs on Global Transfers

  • Uber is considering using stablecoins such as USDC and USDT to simplify international payments across its 70+ operating countries.
  • CEO Dara Khosrowshahi believes stablecoins could offer benefits like faster transactions, lower fees, and reduced banking delays for Uber.
  • Uber has no intention of investing in cryptocurrency or introducing its token but sees blockchain technology as a means to enhance efficiency.
  • Regulatory uncertainties persist, prompting Uber to cautiously monitor legal developments regarding stablecoin issuance and reserve requirements.

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