The CEO of Uber, Dara Khosrowshahi, said that the giant of the share of sharing travel is analyzing whether and how stablecoin can help him reduce the costs of transferring money.
Uber will reach for stablecoin?
Uber is currently investigating how the use of Stablecoin can help reduce the costs of sending money around the world, confirmed by the general director, Dara Khosrowshahi, during the stage on stage during Bloomberg Tech Summit in San Francisco on June 5.
I would say that we are still in the research phase, but Stablecoin is for me one of the most interesting instances of cryptocurrencies, which has practical advantages other than cryptocurrency as a magazine
– he said.
Khosrowshahi added that Stablecoin is “very interesting” for his company, mainly as a means of payment for sending money.
I think stablecoin is very promising, especially for globally operating companies that send money around the world (the idea) to create a mechanism that will allow us to significantly reduce costs in the field of transferring money on the international arena
he said.
Growing interest in Stablecoin
Not only Uber shows interest in Stablecoin. In May, the co -founder and president of Stripe, John Collison, said in an interview with Bloomberg that his company was conducting talks with banks about the potential integration of Stablecoin with their systems.
In turn, in the report of May 14, Fireblocks showed that 90% of the institutional surveyed institutional entities are investigating the use of Stablecoin in their operations. In addition, the official of the Russian Ministry of Finance presented in April a plan according to which the government is to develop its own Stablecoin. In South Korea, Lee Jae-Myung won the election, who during the election campaign promised that he would support the creation of Stablecoin supported by fragrant.
Market capitalization of Stablecoin denominated in the American dollar is still growing, exceeding USD 230 billion in April, which is an increase of 54% compared to last year. In 2024, the total volume of the Stablecoin market reached USD 27.6 trillion, exceeding the total Visa and Mastercard volume by 7.7%. At the same time, the data from Artemis show that between January 2023 and February 2025, transactions for USD 94.2 billion were settled using Stablecoin.
