Uber CEO says stablecoins could reduce cross-border costs originally appeared on TheStreet.
Uber is looking into stablecoins as a potential solution for moving money across borders more efficiently, according to CEO Dara Khosrowshahi.
Speaking at the Bloomberg Tech conference in San Francisco on Thursday, Khosrowshahi said the company is in the “study phase” of exploring stablecoins, digital assets typically pegged to fiat currencies like the U.S. dollar.
Stablecoins, he said, offer “a practical benefit other than crypto’s historic value.” For a company with a global footprint like Uber, he noted, it’s “quite promising especially for global companies” since it could help lower the cost of transferring funds internationally.
“That’s super interesting to us and we’re definitely going to take a look,” Khosrowshahi added.
While the company is still in the early research stage, the Uber CEO also made a brief reference to Bitcoin, calling it a “proven commodity,” but did not elaborate further on its potential use by the platform.
Stablecoins are digital tokens designed to maintain a stable value by being pegged to assets like the U.S. dollar or euro. They combine the speed and transparency of crypto with the stability of traditional currency. Most are backed by reserves like cash or short-term government bonds.
U.S. lawmakers are currently discussing legislation aimed at regulating stablecoins, which are increasingly being adopted for their perceived stability and low transaction costs.
Uber has yet to make any formal announcements about accepting crypto, but Khosrowshahi’s comments show the company is actively exploring the technology’s practical use cases.
As per Kraken’s price feed, Bitcoin is down 1.9% in the last 24 hours, currently trading around $103,019. It has dropped from a weekly high of $106,723.
Uber CEO says stablecoins could reduce cross-border costs first appeared on TheStreet on Jun 5, 2025
This story was originally reported by TheStreet on Jun 5, 2025, where it first appeared.
