Uber is exploring stablecoins to enhance its global payment system and reduce cross-border transaction fees and delays.
Stablecoins like USDC and USDT could enable faster and cheaper payments for Uber, potentially reducing transfer times from days to seconds with minimal fees.
The move towards stablecoins is part of an industry-wide trend, with other financial institutions also considering their adoption for more efficient transactions.
Uber's focus on leveraging blockchain technology for operational benefits aligns with the growing momentum and expansion of the global stablecoin market, driven by regulatory clarity and increased trust.