Uber CEO, Dara Khosrowshahi, says the ride-sharing giant is currently in the “study phase” of exploring stablecoins as a way to reduce the costs associated with moving money internationally.
Speaking on stage at the Bloomberg Tech Summit in San Francisco on June 5 2025, Khosrowshahi said Uber is “definitely going to take a look” at stablecoins.
“We’re still in the study phase, I’d say, but stablecoin is one of the more interesting instantiations of crypto that, to me, has a practical benefit beyond just being a store of value,” he said.
“Obviously, you can have your opinions on Bitcoin – it’s a proven commodity – and people have differing views on where it’s headed.”
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The study compiled a list of more than 300 major companies, which are known to accept cryptocurrency methods, and categorized them into sectors to discover which… pic.twitter.com/rRfIAOfkjC
— BitKE (@BitcoinKE) October 30, 2023
Uber CEO Dara Khosrowshahi said the company is in the early stages of evaluating stablecoin use.
Stablecoins are a type of cryptocurrency designed to maintain parity with traditional fiat currencies – most commonly the U.S. dollar – and are typically backed by reserves of cash and short-term government bonds.
EXPLAINER | How to Send Stablecoins From One Blockchain to Another Without Losing Your Money
Think about this:
If you have your money in $USDT on #Ethereum Blockchain and you wish to do a transaction on #TRON Blockchain, sending your money becomes a problem.
Learn how to… pic.twitter.com/VidMuzU7Pl
— BitKE (@BitcoinKE) March 30, 2025
Khosrowshahi said stablecoins are “super interesting to us,” especially as a potential tool for cross-border payments.
“I think stablecoins are quite promising, especially for global companies moving money internationally. They could offer a mechanism for reducing the costs of those transactions,” he explained.
Growing Interest in Stablecoins
Uber isn’t alone. Interest in stablecoins has been rising across the corporate and financial sectors.
In May 2025, Stripe Co-Founder and President, John Collison, revealed during a Bloomberg interview that the payments firm had entered early discussions with banks about potential stablecoin integrations.
Meanwhile, a May 2025 report from digital assets platform, Fireblocks, found that 90% of institutional players surveyed are actively exploring the use of stablecoins in their operations.
90% Adoption and $3 Trillion Moved: The New Era of Stablecoin Infrastructure
90% of surveyed firms are actively engaging with #stablecoins, indicating a significant shift from pilot programs to full-scale implementations.https://t.co/UM6stPwh5j @FireblocksHQ pic.twitter.com/EG8TsICoB4
— BitKE (@BitcoinKE) May 17, 2025
Governments are also showing interest. In April 2025, a Russian Finance Ministry official floated the idea of launching a government-backed stablecoin, while in the UAE, three major Abu Dhabi institutions teamed up that same month to develop a Dirham-pegged stablecoin.
According to Citigroup, the market cap of U.S. dollar-denominated stablecoins surpassed $230 billion in April 2025 – a 54% increase year-on-year – with Tether (USDT) and USDC accounting for 90% of the market share.
LIST | Top 5 Major Stablecoin Milestones in 2024
In this piece, we highlight the top five major stablecoin milestones between January and December 2024, offering a closer look at their rising influence and potential to reshape the financial landscape.https://t.co/z0bgZhXfJ6 pic.twitter.com/9hkZmCDlq0
— BitKE (@BitcoinKE) January 2, 2025
In terms of transaction volume, stablecoins reached $27.6 trillion in 2024 – exceeding the combined transaction volume of VISA and MasterCard by 7.7%. Data from Artemis further shows that between January 2023 – February 2025, $94.2 billion worth of stablecoin transactions were settled.
REPORT | StableCoins Now Account for 1% of Total U.S. Dollar Supply, Transfer Volume Eclipsed VISA and MasterCard Combined in 2024
Tether’s $USDT, the world’s largest stablecoin by market cap, accounted for ~79.7% of stablecoin trading volumehttps://t.co/DRODNTKQr1 @Tether_to pic.twitter.com/CnyfdE45oE
— BitKE (@BitcoinKE) February 4, 2025
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