Uber CEO Says Stablecoins ‘Super Interesting’ Play for Transportation Giant As Circle Debuts on US Stock Market
Uber CEO Dara Khosrowshahi expressed interest in stablecoins as a potential tool for the company, particularly for reducing international money transfer costs. His comments were made during the Bloomberg Tech Summit in San Francisco, coinciding with Circle's debut on the NYSE under the ticker CRCL, which issues the USDC and Euro Coin (EURC).
Uber CEO Dara Khosrowshahi says that the ride-sharing and delivery company is eyeing stablecoins as a tool for business.
In an interview during the Bloomberg Tech Summit in San Francisco, Khosrowshahi says that Uber is looking at the use cases for stablecoins – cryptocurrencies whose value is pegged to other assets such as the US dollar.
One stablecoin use case that Khosrowshahi believes could benefit Uber and other companies is its potential to reduce the costs associated with transferring money internationally.
Khosrowshani’s statements come following stablecoin giant Circle’s debut as a public company on Thursday.The USDC and Euro Coin (EURC) issuer is now listed on the New York Stock Exchange (NYSE) under the ticker symbol CRCL.
