Uber Seeks to Slash Cross-Border Fees with Stablecoin Adoption

Ride-hailing giant Uber is exploring the use of stablecoins as a means to reduce the cost and complexity of international payments, according to CEO Dara Khosrowshahi. Speaking at the Bloomberg Tech Summit in San Francisco on June 5th, Khosrowshahi confirmed that the company is in the “early stages” of evaluating stablecoins as part of its broader fintech strategy. He highlighted their potential to streamline cross-border transactions and reduce reliance on traditional payment methods.