Uber explores stablecoins to cut global transfer costs

Uber Technologies is exploring the use of stablecoins to streamline global money transfers, according to CEO Dara Khosrowshahi.

He shared the news during the Bloomberg Tech conference in San Francisco on June 5, describing the initiative as being in the “study phase.”

Stablecoins are digital currencies typically linked to traditional assets, such as the US dollar.

Khosrowshahi said they could help reduce costs tied to international transactions for global companies.

Meanwhile, US lawmakers are currently discussing regulatory frameworks for stablecoins. These currencies are designed to be backed by reserves to maintain their value.

🔗 Source: Bloomberg

🧠 Food for thought

1️⃣ Corporate adoption of stablecoins for cross-border payments is gaining momentum

Uber’s exploration of stablecoins reflects a broader corporate trend that has been building throughout 2025, with multiple major financial players making similar moves.

The inefficiencies of traditional cross-border transfers, which can take days and incur fees of up to 7%, create a compelling business case for stablecoin adoption in global companies 1.

Transaction volumes for stablecoins have already reached an impressive $27.6 trillion annually, surpassing volumes on traditional payment networks and demonstrating real-world utility beyond speculation 2.

Stripe recently acquired stablecoin infrastructure platform Bridge and launched Stablecoin Financial Accounts that operate in 101 countries, showing how payment giants are making substantial investments in this technology 3.

Mastercard and PayPal are simultaneously exploring stablecoin integration for B2B payments, with PayPal having already developed its own stablecoin called PYUSD for testing in real-world business scenarios 4.

This convergence of major corporate interest suggests that stablecoins are transitioning from niche crypto products to mainstream financial tools for practical business operations, particularly for companies with global footprints like Uber.

2️⃣ Regulatory momentum is creating a more favorable environment for adoption

The timing of Uber’s stablecoin exploration coincides with significant progress in regulatory frameworks that provide the legal clarity businesses need before adopting new financial technologies.