Uber’s CEO Dara Khosrowshahi has revealed the company’s strategic interest in leveraging stablecoins to streamline global financial settlements, aiming to reduce foreign exchange costs and accelerate cross-border transactions.
This initiative marks a significant exploration into cryptocurrency’s practical applications beyond investment, potentially transforming Uber’s international payment infrastructure.
According to COINOTAG, Khosrowshahi emphasized, “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.”
Uber explores stablecoins like USDC and USDT to cut global transaction costs and enhance payment speed, signaling a shift in corporate crypto adoption and financial innovation.
‘,
‘
🚀 Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!
‘,
‘
📈 Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!
‘
];
var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();
In a notable development within the corporate finance landscape, Uber is actively studying the integration of stablecoins such as USDC and USDT to optimize its international payment systems. This move aims to address the persistent challenges of foreign exchange fees and slow transaction times that typically burden multinational operations. By adopting stablecoins, Uber could leverage blockchain technology to facilitate near-instantaneous settlements, reducing dependency on traditional banking intermediaries and enhancing operational efficiency.
The adoption of stablecoins by a global player like Uber could catalyze broader acceptance of digital currencies in mainstream commerce. Stablecoins offer the advantage of price stability compared to volatile cryptocurrencies, making them suitable for transactional use. Uber’s initiative reflects a growing trend where corporations seek to harness blockchain’s transparency and speed to streamline financial workflows. This could also encourage other enterprises to explore similar solutions, potentially reshaping cross-border payment ecosystems and prompting regulatory bodies to refine frameworks around digital asset usage.
‘
];
var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();
Source: https://en.coinotag.com/uber-explores-usdc-stablecoin-for-global-settlements-amid-cost-reduction-efforts/