Uber Mulls Using Stablecoins to Reduce Currency Costs

Uber Technologies Inc. is in the “study phase” of using stablecoins as a way to transfer money globally, Chief Executive Officer Dara Khosrowshahi said.

Stablecoins appear to have “a practical benefit other than crypto’s historic value,” Khosrowshahi said during an interview Thursday at the Bloomberg Tech conference in San Francisco. It’s “quite promising especially for global companies” as it can help reduce costs of moving money around among different countries, he added.

“That’s super interesting to us and we’re definitely going to take a look,” he said.

WATCH: Uber Technologies CEO Dara Khosrowshahi says the company is in the “study phase” of using stablecoins as a way to transfer money globally. He speaks with Tom Giles at the Bloomberg Tech Summit in San Francisco.

Source: Bloomberg

Stablecoins are digital tokens often pegged to the dollar or another currency ...