Uber is considering using stablecoin payments to improve international transactions, reduce costs, and make cross-border operations more seamless.
CEO Dara Khosrowshahi mentioned at the Bloomberg Tech Summit that Uber is in the early stages of studying stablecoin payments for faster and cheaper global money transfers.
Stablecoins are digital currencies tied to the value of fiat money, like the US dollar, and are gaining interest from major companies like Uber, Stripe, and Tether.
With growing industry support and clearer global regulations, stablecoin payments could soon become a widespread business reality for companies exploring digital finance options.