Uber CEO Dara Khosrowshahi announced that the company is exploring the use of stablecoins to potentially reduce costs associated with moving money globally. Speaking at the Bloomberg Tech Summit in San Francisco, Khosrowshahi emphasized that Uber is currently in the study phase regarding stablecoin integration. He described stablecoins as particularly interesting due to their practical benefits over cryptocurrencies, which are often viewed as mere stores of value. Khosrowshahi highlighted that stablecoins could serve as an efficient payment mechanism for global companies like Uber, enabling cost reductions in international money transfer operations. The increasing interest in stablecoins has been seen across various sectors, with companies like Stripe engaging in discussions about their integration, and several nations considering stablecoin use in their financial systems. Data reflecting stablecoin market growth shows that their transaction volumes have significantly increased, reflecting the growing utility of these digital assets in different operations.

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