Uber CEO Says Stablecoins ‘Super Interesting’ Play for Transportation Giant As Circle Debuts on US Stock Market
Uber CEO Considers Stablecoins for Business Operations
Uber CEO Dara Khosrowshahi recently revealed that the ride-sharing and delivery company is exploring the potential of stablecoins as a valuable tool for their business strategies.
During an insightful interview at the Bloomberg Tech Summit in San Francisco, Khosrowshahi expressed interest in utilizing stablecoins, which are cryptocurrencies tied to stable assets like the US dollar, for various applications.
“We’re currently in the exploratory phase, but stablecoins present a fascinating opportunity in the realm of cryptocurrencies. They offer practical benefits beyond just being a store of value. While opinions on Bitcoin may vary, stablecoins have shown promise, and we are intrigued by their potential impact.”
One specific use case that Khosrowshahi highlighted is the ability of stablecoins to streamline the process and reduce costs associated with international money transfers.
“I believe that stablecoins hold significant promise, especially for multinational corporations like ours that engage in global fund transfers. They could potentially offer a more efficient and cost-effective solution for international money movement, which is a compelling prospect for us. We are definitely exploring this avenue further.”
Khosrowshahi’s announcement comes on the heels of stablecoin giant Circle’s recent initial public offering, where they debuted as a publicly traded company on the New York Stock Exchange under the ticker symbol CRCL, issuing stablecoins like USDC and Euro Coin (EURC).
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