Uber CEO Dara Khosrowshahi says that the ride-sharing and delivery company is eyeing stablecoins as a tool for business.
In an interview during the Bloomberg Tech Summit in San Francisco, Khosrowshahi says that Uber is looking at the use cases for stablecoins – cryptocurrencies whose value is pegged to other assets such as the US dollar.
“We’re still in the study phase, but I think stablecoin is one of the, for me, more interesting instantiations of crypto that has a practical benefit other than crypto as a store of value. Obviously, you can have your opinions on Bitcoin, but it’s a proven commodity, and people have different opinions on where it’s going.”
One stablecoin use case that Khosrowshahi believes could benefit Uber and other companies is its potential to reduce the costs associated with transferring money internationally.
“I do think that stablecoin is quite promising, especially for global companies that are moving money around globally to create a mechanism for us to essentially reduce costs in terms of moving money internationally. So that’s super interesting to us. And we’re definitely going to take a look.”
Khosrowshani’s statements come following stablecoin giant Circle’s debut as a public company on Thursday. The USDC and Euro Coin (EURC) issuer is now listed on the New York Stock Exchange (NYSE) under the ticker symbol CRCL.
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