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Uber is in the research phase of using stablecoins for cross-border payments.
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CEO Dara Khosrowshahi says stablecoins are more practical than crypto as a store of value.
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The move could lower transaction costs for international operations.
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The company is not considering bitcoin for treasury use.
Uber Eyes Stablecoin Payments
Uber CEO Dara Khosrowshahi said the company is exploring stablecoins as a potential payment method. Speaking at the Bloomberg Tech Summit, he highlighted stablecoins’ ability to lower international money transfer costs, calling them one of the more practical crypto use cases.
Still in Research Mode
Khosrowshahi emphasized that Uber is still in the “study phase” and evaluating whether stablecoins would offer enough value for integration. He also reiterated that the company has no plans to invest in bitcoin for its treasury.
Uber previously expressed openness to crypto payments, but high transaction fees and environmental concerns have slowed progress.
Policy Shifts Could Boost Adoption
Stablecoin regulation is gaining momentum in the U.S., driven by the GENIUS Act. At the same time, major banks like Citigroup and Wells Fargo are reportedly exploring their own stablecoin initiatives, indicating growing institutional interest.
