Uber CEO Dara Khosrowshahi says that the ride-sharing and supply firm is eyeing stablecoins as a instrument for enterprise.
In an interview throughout the Bloomberg Tech Summit in San Francisco, Khosrowshahi says that Uber is trying on the use instances for stablecoins – cryptocurrencies whose worth is pegged to different property such because the US greenback.
“We’re nonetheless within the examine section, however I believe stablecoin is without doubt one of the, for me, extra attention-grabbing instantiations of crypto that has a sensible profit aside from crypto as a retailer of worth. Clearly, you may have your opinions on Bitcoin, but it surely’s a confirmed commodity, and other people have completely different opinions on the place it’s going.”
One stablecoin use case that Khosrowshahi believes may benefit Uber and different firms is its potential to scale back the prices related to transferring cash internationally.
“I do assume that stablecoin is sort of promising, particularly for international firms which might be shifting cash round globally to create a mechanism for us to primarily scale back prices when it comes to shifting cash internationally. In order that’s tremendous attention-grabbing to us. And we’re undoubtedly going to have a look.”
Khosrowshani’s statements come following stablecoin big Circle’s debut as a public firm on Thursday. The USDC and Euro Coin (EURC) issuer is now listed on the New York Inventory Alternate (NYSE) underneath the ticker image CRCL.
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