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Uber Taps Stablecoins to Revolutionize Global Payments and Transfers

  • 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.

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