Uber researches the use of stablecoins
According to CEO Dara Khosrowshahi, the Ridesharing giant Uber is in the “research phase” when using stablecoins to reduce the costs of money transactions all over the world.
Khosrowshahi said On the stage of the Bloomberg Tech Summit in San Francisco on June 5, according to the fact that Uber will “definitely take a look” on stable coins.
“I would still be in the research phase, I would say, but for me, StableCoin is one of the more interesting applications of cryptocurrencies that have a different practical benefit than cryptocurrencies as value stimulants,” he said.
“Of course you can have your own opinion on Bitcoin, but he is a proven financial product, and you know that people have different opinions about where it will develop,” he added.
Stable coins, on the other hand, are a kind of cryptocurrency that reflect the value of traditional currencies, mostly of the US dollar. They are usually covered by cash reserves and short -term government bonds.
Khosrowshahi explained that stable coins are “super interesting for us”, especially as a means of payment for the transmission of money.
“I think stable coin is very promising, especially for global companies that move money worldwide to create a mechanism with which we can reduce the costs for international money transfer,” he emphasized.
Interest in stablecoins increases
Other companies and even banks are increasingly interested in using stable coins in any form for business.
In May, the co -founder and president of the payment giant Stripe, John Collison, also said in an interview with Bloomberg that his company was in the first discussions with banks about a possible integration of stable coins.
A report by the crypto platform for companies Fireblocks on May 14 showed that 90 % of the institutional actors surveyed are now examining the use of stablecoins in their shops.
Countries also show interest in stable coins. In April, an official of the Russian Ministry of Finance presented a plan for the development of its own stable coin by the government, while in the same month a trio of large institutions from Abu Dhabi joined together to create a new stable coin bound to the dirham.
According to a report by the investment banking giant Citigroup, the market capitalization of the stable coins, which is stable at US dollars, has continued to increase and in April exceeded the $ 230 billion. This corresponds to an increase of 54 % since last year, whereby Tether and USDC alone dominate 90 % of the market.
The entire StableCoin volume reached $ 27.6 trillion in 2024 and thus exceeds the combined volume of Visa and MasterCard by 7.7 %. At the same time, the data from Artemis show that between January 2023 and February 2025 StableCoin transactions worth $ 94.2 billion were handled.
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