Uber Eyes Stablecoins to Slash Cross-Border Payment Friction—Because Traditional Banking Was Too Efficient

Uber's flirting with stablecoins isn't just another crypto dalliance—it's a strategic play to gut the inefficiencies of global payments. The ride-hailing giant's exploring how dollar-pegged digital assets could bypass legacy banking delays and fees. No more waiting days for driver payouts in volatile currencies or eating FX spreads.

Why now? Because even Silicon Valley realizes stablecoins are the only blockchain use case that actually works. They combine crypto's settlement speed with the stability CFOs crave. Meanwhile, Wall Street banks are still charging 3% for the privilege of moving money at the speed of 1998.

If Uber pulls this off, it could pressure other multinationals to ditch correspondent banking relics. Just don't expect Visa and SWIFT to surrender their rent-seeking without a fight—those legacy rails have lobbyists on retainer.