{"id":30582,"date":"2025-06-06T11:19:30","date_gmt":"2025-06-06T11:19:30","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30582"},"modified":"2025-06-06T11:19:30","modified_gmt":"2025-06-06T11:19:30","slug":"uber-may-use-stablecoins-to-cut-costs-on-global-transfers","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30582","title":{"rendered":"Uber May Use Stablecoins to Cut Costs on Global Transfers"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Uber is now exploring <\/span><span data-preserver-spaces=\"true\">stablecoins<\/span><span data-preserver-spaces=\"true\"> as a way to streamline its global payment system. That might sound surprising coming from a rideshare company, but when you\u2019re dealing with money flowing through dozens of countries, faster and cheaper matters a lot.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">CEO Flags Stablecoins as a Potential Game-Changer<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">At a recent Bloomberg tech summit, Uber CEO Dara Khosrowshahi <\/span><span data-preserver-spaces=\"true\">said<\/span><span data-preserver-spaces=\"true\"> the company is actively <\/span><span data-preserver-spaces=\"true\">looking into<\/span><span data-preserver-spaces=\"true\"> stablecoins.<\/span><span data-preserver-spaces=\"true\"> Not Bitcoin. Not Ethereum. Just the boring, practical kind that <\/span><span data-preserver-spaces=\"true\">are<\/span><span data-preserver-spaces=\"true\"> tied to real-world currencies.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">On Bloomberg,\u00a0Uber CEO Dara Khosrowshahi says Uber may consider using stablecoins like <a href=\"https:\/\/twitter.com\/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$USDC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24RLUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$RLUSD<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$USDT<\/a> to cut operational costs when it comes to international payments. <a href=\"https:\/\/t.co\/X04BAggsSo\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/X04BAggsSo<\/a><\/p>\n<p>\u2014 ALLINCRYPTO (@RealAllinCrypto) <a href=\"https:\/\/twitter.com\/RealAllinCrypto\/status\/1930794673691402696?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">June 6, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">His reasoning is simple. <\/span><span data-preserver-spaces=\"true\">When a company like Uber operates across <\/span><span data-preserver-spaces=\"true\">70-plus<\/span><span data-preserver-spaces=\"true\"> countries, every international payment <\/span><span data-preserver-spaces=\"true\">comes with<\/span><span data-preserver-spaces=\"true\"> currency conversion fees, delays, and administrative overhead.<\/span><span data-preserver-spaces=\"true\"> That adds up. Stablecoins could help Uber skip the traditional banking maze and get payments where they need to go instantly.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">A Simple Solution to a Global Headache<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Stablecoins like USDC and USDT are designed to track the value of <\/span><span data-preserver-spaces=\"true\">something like<\/span><span data-preserver-spaces=\"true\"> the US dollar.<\/span><span data-preserver-spaces=\"true\"> They don\u2019t jump up and down in price every time Elon tweets. <\/span><span data-preserver-spaces=\"true\">They <\/span><span data-preserver-spaces=\"true\">work like digital dollars you can send anywhere.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Uber could, in theory, pay drivers using stablecoins. Instead of waiting days for a transfer to clear or losing money on exchange rates, drivers in countries like Mexico or India could get paid nearly instantly. That\u2019s good for drivers and suitable for Uber\u2019s balance sheet.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">9+ Best High-Risk, High-Reward Crypto to Buy in May 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Don\u2019t Expect a Crypto Pivot<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Khosrowshahi quickly clarified that Uber isn\u2019t jumping into crypto trading or launching its token. This isn\u2019t about investment. <\/span><span data-preserver-spaces=\"true\">It\u2019s about solving a specific business problem using a tool that <\/span><span data-preserver-spaces=\"true\">might<\/span><span data-preserver-spaces=\"true\"> be <\/span><span data-preserver-spaces=\"true\">better<\/span><span data-preserver-spaces=\"true\"> than they\u2019ve used before.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He even joked that while Uber won\u2019t be buying Bitcoin, they do think there\u2019s value in blockchain tools that help with efficiency. <\/span><span data-preserver-spaces=\"true\">That kind of<\/span><span data-preserver-spaces=\"true\"> mindset is becoming <\/span><span data-preserver-spaces=\"true\">more<\/span><span data-preserver-spaces=\"true\"> common in corporate boardrooms.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Legal Questions Still Loom<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Of course, nothing in crypto is ever simple. The stablecoin market is still under scrutiny. Lawmakers in the US are debating how to regulate them, who gets to issue them, and whether reserves need to be audited or insured.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Uber is playing it safe here. They\u2019re watching closely, not acting rashly. That\u2019s probably smart, since stablecoins sit in a legal gray area in many places, and one wrong move could create a mess they don\u2019t need.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\"><strong style=\"font-size: 16px;\">DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"noopener\">The 12+ Hottest Crypto Presales to Buy Right Now<\/a><\/strong><\/span><\/h2>\n<h2><span data-preserver-spaces=\"true\">Big Tech Is Already Testing the Waters<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Uber\u2019s not alone in eyeing stablecoins for real-world use. Visa has been running pilot programs. PayPal launched its own USD-backed stablecoin. Shopify is experimenting with blockchain-based payments. Everyone\u2019s trying to solve the same problem: international payments are too slow and expensive.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Quiet Innovation With Big Potential<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Uber\u2019s stablecoin interest isn\u2019t about jumping on a trend. It\u2019s about making payments easier for people <\/span><span data-preserver-spaces=\"true\">around the world<\/span><span data-preserver-spaces=\"true\">. If they pull it off, this might be one of those quiet tech upgrades that make a huge difference without most people noticing.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"editor-rtfLink\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Uber is exploring the use of stablecoins like USDC and USDT to streamline international payments across its 70+ operating countries.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        CEO Dara Khosrowshahi says stablecoins offer practical advantages for global transactions, such as speed, reduced fees, and fewer banking delays.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The company has no plans to invest in crypto or issue its own token, but sees value in using blockchain for efficiency, not speculation.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Regulatory uncertainty remains a concern, with Uber carefully monitoring legal developments around stablecoin issuance and reserve requirements.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Other tech giants like Visa, PayPal, and Shopify are also testing stablecoin integrations, highlighting a broader industry shift toward blockchain payments.    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/uber-may-use-stablecoins-to-cut-costs-on-global-transfers\/\">Uber May Use Stablecoins to Cut Costs on Global Transfers<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Uber is now exploring stablecoins as a way to streamline its global payment system. That might sound surprising coming from a rideshare company, but when you\u2019re dealing with money flowing through dozens of countries, faster and cheaper matters a lot. CEO Flags Stablecoins as a Potential Game-Changer At a recent Bloomberg tech summit, Uber CEO [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-30582","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30582"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30582\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}