Uber’s CEO Dara Khorsrowshahi said that Uber is looking at stablecoins for its business.
During aninterview at the Bloomberg Tech Summit, Khosrowshahi said that Uber was looking into the possible use cases of stablecoins. Stablecoins are cryptocurrencies with a value pegged to another asset such as the US Dollar.
Stablecoin, which is still under study, has many practical benefits that are not just a crypto store of value. Bitcoin is a commodity that has been around for a while, so it’s not surprising to hear different views on its future.
Khosrowshahi thinks that stablecoins could be used to benefit Uber, as well as other companies. They can reduce costs for international money transfers.
I do believe that stablecoins are quite promising. Especially for global companies who move money globally. It creates a mechanism that allows us to reduce our costs when it comes to moving money abroad. This is super exciting to us. We’re going to have a closer look.”
Khosrowshani made the statements after Circle, the stablecoin company that issued USDC and Euro Coins (EURC), debuted as a publicly traded company at the New York Stock Exchange on Thursday. It is listed under the ticker CRCL.
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The post Uber CEO: Stablecoins are a ‘Super Intersting’ Play for the Transportation Giant as Circle debuts on US Stock Market could be updated to reflect new developments.
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