Uber is exploring the use of stablecoins to potentially lower costs.
Stablecoins Catch Uber’s Eye
Uber CEO Dara Khosrowshahi recently expressed significant interest in stablecoins, a type of cryptocurrency pegged to assets like the US dollar. He sees them as having practical applications beyond simply being a store of value, unlike Bitcoin, which he acknowledges has its own set of opinions surrounding its future.
Cutting International Transfer Costs
Khosrowshahi highlighted the potential for stablecoins to significantly reduce the expenses associated with international money transfers. This is particularly appealing to a global company like Uber, which constantly moves money across borders. He stated that this potential cost reduction is “super interesting” and that Uber is actively researching the possibilities.
Circle’s Public Debut
Khosrowshahi’s comments follow the public listing of Circle, a major stablecoin issuer, on the New York Stock Exchange. This adds further momentum to the conversation around stablecoins and their potential uses in various industries.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before making any investment decisions.
/p>