Uber aims for stablecoin to enable faster payments, reduce FX costs for global operations.

2025-06-05 16:07:00

Abstract generation in progress

Uber is considering using a dollar-pegged stablecoin to transfer money across its global network, according to CEO Dara Khosrowshahi at the Bloomberg Tech conference. He stated that blockchain-based tokens could enable faster payments and lower foreign exchange fees. The company is measuring operational and regulatory factors before deciding to implement.

Data shows that Uber has 171 million active consumers monthly as of the end of 2024. Khosrowshahi emphasized that the research phase does not involve holding crypto on the balance sheet and will respect consumer protection regulations.

He also mentioned that Uber will add Bitcoin and other cryptocurrencies once there is clarity on regulations. Currently, Uber is still in the exploratory phase and will consider stablecoins in the future.

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