Uber in ‘study phase’ of using stablecoins to lower costs, says CEO

Uber CEO Dara Khosrowshahi says the ride-sharing giant is looking at whether stablecoins can help it save when money around the world.

Ridesharing giant Uber is in the “study phase” of using stablecoins to help reduce the costs of moving money around the world, says its CEO Dara Khosrowshahi.

Khosrowshahi said on stage at the Bloomberg Tech Summit in San Francisco on June 5 that Uber is “definitely going to take a look” at stablecoins.

“We’re still in the study phase, I’d say, but stablecoin is one of the, for me, more interesting instantiations of crypto that has a practical benefit other than crypto as a store of value,” he said.

Read more