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Uber CEO says stablecoins could reduce cross-border costs
Uber is looking into stablecoins as a potential solution for moving money across borders more efficiently, according to CEO Dara Khosrowshahi. Speaking at the Bloomberg Tech conference in San Francisco on Thursday, Khosrowshahi said the company is in the “study phase” of exploring stablecoins, digital assets typically pegged to fiat currencies like the U.S. dollar. Stablecoins, he said, offer “a practical benefit other than crypto’s historic value.” For a company with a global footprint like Uber, he noted, it’s “quite promising especially for global companies” since it could help lower the cost of ... (full story)
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