Ride-hailing giant Uber is actively exploring the use of stablecoins to enhance global payment systems and minimize the costs associated with cross-border transactions. Uber CEO Dara Khosrowshahi shared this strategic direction during his appearance at the Bloomberg Tech Summit in San Francisco on June 5, highlighting the potential role of stablecoins in revolutionizing international money movement.

Exploring Stablecoins for Global Payments

According to Khosrowshahi, Uber is currently in the “study phase” of evaluating stablecoins as a tool for financial operations. He emphasized that stablecoins offer a compelling utility beyond serving as a store of value, describing them as β€œsuper interesting” for large-scale global businesses.

While opinions on cryptocurrencies like Bitcoin may vary, Khosrowshahi underscored the unique advantage of stablecoins for payments. β€œEspecially for global companies that are moving money around globally, stablecoin is quite promising,” he stated.

What Are Stablecoins?

Stablecoins are digital tokens designed to maintain a stable value by being pegged to traditional assets, such as the US dollar. Backed by reserves like cash or short-term government bonds, stablecoins combine the efficiency of cryptocurrency with the stability and trust of fiat currencies. This makes them an attractive option for businesses requiring rapid and borderless transactions.

The Growing Role of Stablecoins in Business

As global digital commerce continues to expand, stablecoins are increasingly becoming a core component of financial infrastructure. Many enterprises are integrating them into their operations to streamline payments and reduce costs.

Recent research highlights this trend. A 2025 survey by Fireblocks found that 90% of financial institutions are actively adopting stablecoins. These include major banks, payment processors, and fintech platforms, many of which process millions of stablecoin transactions monthly. Key benefits cited include:

  • Speed: Faster settlement times compared to traditional payment methods.
  • Cost Savings: Reduced transaction fees for cross-border payments.
  • Liquidity: Improved access to liquid assets for businesses.

Other Companies Embracing Stablecoin Technology

Uber is not alone in exploring the potential of stablecoins. Stripe, a major payment processor, has also expressed interest in stablecoin adoption. In May, Stripe’s co-founder John Collison shared that the company has been engaging in early discussions with banks regarding stablecoin integration.

Regulatory Support Driving Adoption

The growing momentum behind stablecoins is closely tied to evolving regulatory frameworks worldwide. For instance, in the U.S., lawmakers have introduced initiatives like the GENIUS Act, which aims to establish a comprehensive legal framework for payment stablecoins. This provides clearer guidelines for issuers and boosts confidence in the technology.

Similarly, Europe’s recently implemented MiCA framework has set new standards for digital asset regulation, offering companies a more stable environment for growth. Other regions, including Asia, are also making strides, with jurisdictions like Hong Kong, Singapore, and Pakistan introducing supportive policies to foster innovation in the cryptocurrency space.

The Future of Stablecoins in Global Finance

As companies like Uber and Stripe explore stablecoin integration, it’s evident that these digital assets have the potential to transform global payment systems. With their ability to offer faster, cost-effective, and reliable transactions, stablecoins are positioning themselves as a key tool for businesses navigating the complexities of international finance.

Stay informed about the latest developments in cryptocurrency, investing, and finance to better understand the evolving role of stablecoins in modern business operations.