Uber signals interest in stablecoins to streamline global payments

Ride-hailing company Uber is exploring the use of stablecoins to streamline global payments and reduce transaction costs associated with cross-border transactions.

During his appearance at the Bloomberg Tech Summit in San Francisco on 5 June, Uber CEO Dara Khosrowshahi confirmed the company is in the “study phase” of evaluating stablecoins as a potential tool for international money movement.

Stablecoins offer “a practical benefit other than crypto as a store of value,” describing the technology as “super interesting” for global businesses. 

According to Khosrowshahi, while opinions on Bitcoin vary, stablecoins stand out for their utility in payments. 

“Especially for global companies that are moving money around globally, stablecoin is quite promising,” he added.

Stablecoins are digital tokens engineered to mirror the value of traditional currencies, most often the US dollar. Anchored by reserves such as cash or short-term government bonds, they blend the rapid settlement and borderless nature of crypto with the trust and stability of fiat.

As digital commerce scales globally, stablecoins are becoming essential infrastructure, with an increasing number of enterprises treating them as tools for financial operations.

As previously reported by crypto.news, Fireblocks’ 2025 “State of Stablecoins” survey found that 90% of the surveyed financial institutions were actively integrating stablecoins into their systems. These include major banks, payment processors, and fintech platforms, many of which now process millions of stablecoin transactions each month.

Speed was cited as the top advantage by nearly half the respondents, with cost savings and liquidity also ranking high on the list of strategic benefits driving adoption.

Besides Uber, other major companies have also shown interest recently. Stripe’s co-founder John Collison revealed in May that the company has been in early discussions with banks on stablecoin integration. 

Much of the momentum behind stablecoins can be traced to a global shift toward clearer, more supportive policy frameworks.

For instance, in the U.S., lawmakers introduced the bipartisan GENIUS Act, establishing a comprehensive framework for payment stablecoins by outlining various requirements for stablecoin issuers. 

Elsewhere, in Europe, the rollout of MiCA has set a new standard for how digital assets are treated, giving companies firmer ground to build on. At the same time, regulatory developments have also been observed across Asia, in jurisdictions such as Hong Kong, Singapore, and Pakistan, among others.