Uber Explores Stablecoins for Global Payment Settlements and Cost Reduction


Uber CEO Dara Khosrowshahi has announced the company is studying dollar-pegged stablecoins for cross-border fund transfers.


The ride-sharing giant sees blockchain-based tokens as a solution for faster settlements compared to traditional correspondent banking.


Stablecoins could eliminate foreign exchange fee layers in regions where local banking infrastructure remains expensive or slow.


Uber serves 171 million monthly active platform consumers globally as of December 2024.


The exploration phase does not involve holding crypto on the balance sheet or speculative treasury investments.


Khosrowshahi previously stated Uber would "definitely" add $BTC and other cryptocurrency payment options once regulatory clarity emerges.


Product teams have reportedly consulted external specialists on compliance screening and transaction security for crypto integration.

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June 05, 2025 at 11:39 PM
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