6-6-2025 – At the Bloomberg Tech Summit in San Francisco, Uber’s chief executive, Dara Khosrowshahi, unveiled the company’s burgeoning interest in harnessing stablecoins to revolutionise its global payment systems. He described stablecoins as a compelling innovation within the cryptocurrency realm, offering practical advantages beyond merely serving as a store of value. “Their potential to streamline international transactions with lower costs is something we’re keenly exploring,” Khosrowshahi remarked, signalling that Uber, one of the world’s most ubiquitous transportation and delivery platforms, is seriously considering integrating these digital assets.
Khosrowshahi’s enthusiasm for stablecoins contrasts with his measured stance on Bitcoin, which he labelled a “proven commodity” with divisive views on its long-term trajectory. While Uber is not contemplating Bitcoin for its corporate treasury, the CEO confirmed that stablecoins are under active review, though the company remains in an exploratory phase. This marks a continuation of Uber’s cautious yet progressive flirtation with cryptocurrencies. In 2021, Khosrowshahi expressed openness to accepting Bitcoin and other digital currencies, provided clear benefits emerged. By 2022, he doubled down, asserting that Uber would “absolutely” embrace crypto in the future, while citing concerns over high transaction costs and environmental impacts as hurdles to overcome.
The broader context bolsters Uber’s interest. In the United States, legislative momentum, championed by President Donald Trump, is shaping a regulatory framework for stablecoins through initiatives like the Genius Act. This has spurred traditional finance giants, including Bank of America, Citigroup, and Wells Fargo, to reportedly explore launching a collaborative stablecoin via subsidiaries. For Uber, the prospect of stablecoins aligns with its global operations, promising a cost-effective solution for cross-border payments.
