Uber Explores Stablecoins for Global Money Transfers
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Uber is actively studying the potential use of stablecoins to streamline cross-border payments, citing cost efficiency and speed as key advantages. CEO Dara Khosrowshahi highlighted the practical benefits during the Bloomberg Tech conference, noting transaction fees could drop by 80% with near-instant settlement—a stark contrast to traditional systems burdened by intermediaries and currency conversions.
The ride-hailing giant has yet to commit to specific stablecoins or blockchains, and regulatory hurdles remain unresolved. Proposed U.S. legislation on stablecoin oversight adds complexity, though Uber’s interest signals growing institutional recognition of crypto’s utility beyond speculative trading.
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