Uber CEO Dara Khosrowshahi says the company is exploring stablecoins to reduce cross-border payment costs, calling the tech “quite promising” for global businesses.

Uber adopting stablecoins could streamline payments for its global operations, such as driver payouts or supplier settlements, especially in areas with high remittance costs or unstable currencies.

Using stablecoins to make online payments would allow businesses and their customers to bypass the payment networks. The fees to send a payment in Tether, the most popular stablecoin, for example, ...

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

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Uber CEO Dara Khosrowshahi says the company is exploring stablecoins to reduce cross-border payment costs, calling the tech “quite promising” for global businesses.