Uber Signals Shift with Interest in Stablecoin Payments

• Uber is exploring stablecoin payments to speed up and make cross-border transactions more affordable as part of a broader push toward digital finance.
• Stablecoins are gaining momentum as major financial institutions and tech firms move forward, backed by clearer global regulations.

Stablecoin payments may soon become an essential aspect of Uber’s operations. As reported, the firm is considering using digital tokens to make its international transactions process more seamless. The ride-hailing giant is now exploring stablecoins to improve global money transfers and reduce transaction costs.

Uber Explores Stablecoin Payments to Cut Cross-Border Costs

During the Bloomberg Tech Summit held on June 5 in San Francisco, Uber CEO Dara Khosrowshahi revealed that the company is in the early stages of studying stablecoin payments. 

He explained that Uber is interested in how these digital tokens can make global money transfers faster and cheaper. This is important to them as a firm that operates across many countries. Khosrowshahi said that while public opinion on Bitcoin remains divided. 

He believes that stablecoins provide more reliable and practical benefits. Khosrowshahi described the technology as super interesting because it fits businesses that move money internationally. 

According to him, the main appeal lies in stablecoins’ ability to combine the speed and reach of cryptocurrencies with the trust of traditional currencies.

Stablecoins are digital currencies tied to the value of fiat money, usually the US dollar. Assets like cash or government bonds back them. This setup allows stablecoins to settle payments quickly while avoiding the high volatility common in other types of crypto.

Uber is not the only major company that has been paying attention to this trend. Stripe, a well-known payment platform, has been in early talks with banks about possible stablecoin integration. In a recent post, we covered Meta reviving its crypto agenda with a potential stablecoin payment scheme.

CNF also reported that Tether plans to launch a US-focused stablecoin by late 2025, pending regulatory developments in Congress. This shift marks a growing interest from big tech firms in using crypto tools for real-world financial operations.

Stablecoin Adoption and Growing Industry Support

A 2025 Fireblocks survey titled State of Stablecoins found that around 90% of financial institutions are now using or planning to use stablecoin payments. The report included responses from banks, fintech startups, and payment processors that now handle monthly stablecoin transactions.

As highlighted in our previous news brief, some top American banks favor forming a partnership to develop and release stablecoins. JPMorgan Chase, Citibank, Bank of America, and Wells Fargo lead the potential venture.

The main reasons behind the shift include faster settlement times, lower fees, and better liquidity. Nearly half of the survey participants picked speed as the biggest advantage.

Worldwide policy changes are helping shape a more stable environment for companies exploring digital payment options. The GENIUS Act sets out a clear framework for stablecoin issuers in the United States. 

Europe’s MiCA regulations and similar efforts in places like Hong Kong and Singapore are also paving the way. With this regulatory clarity and growing interest from major firms like Uber and Stripe, stablecoin payments may move from a study phase to a business reality.