Stablecoins Are ‘Super Interesting to Us’ and Company is in ‘Study Phase,’ Says Uber CEO

Uber CEO, Dara Khosrowshahi, says the ride-sharing giant is currently in the “study phase” of exploring stablecoins as a way to reduce the costs associated with moving money internationally.

Speaking on stage at the Bloomberg Tech Summit in San Francisco on June 5 2025, Khosrowshahi said Uber is “definitely going to take a look” at stablecoins.

“We’re still in the study phase, I’d say, but stablecoin is one of the more interesting instantiations of crypto that, to me, has a practical benefit beyond just being a store of value,” he said.

“Obviously, you can have your opinions on Bitcoin – it’s a proven commodity – and people have differing views on where it’s headed.”

Uber CEO Dara Khosrowshahi said the company is in the early stages of evaluating stablecoin use.

Stablecoins are a type of cryptocurrency designed to maintain parity with traditional fiat currencies – most commonly the U.S. dollar – and are typically backed by reserves of cash and short-term government bonds.

Khosrowshahi said stablecoins are “super interesting to us,” especially as a potential tool for cross-border payments.

“I think stablecoins are quite promising, especially for global companies moving money internationally. They could offer a mechanism for reducing the costs of those transactions,” he explained.

Growing Interest in Stablecoins

Uber isn’t alone. Interest in stablecoins has been rising across the corporate and financial sectors.

In May 2025, Stripe Co-Founder and President, John Collison, revealed during a Bloomberg interview that the payments firm had entered early discussions with banks about potential stablecoin integrations.

Meanwhile, a May 2025 report from digital assets platform, Fireblocks, found that 90% of institutional players surveyed are actively exploring the use of stablecoins in their operations.

Governments are also showing interest. In April 2025, a Russian Finance Ministry official floated the idea of launching a government-backed stablecoin, while in the UAE, three major Abu Dhabi institutions teamed up that same month to develop a Dirham-pegged stablecoin.

According to Citigroup, the market cap of U.S. dollar-denominated stablecoins surpassed $230 billion in April 2025 – a 54% increase year-on-year – with Tether (USDT) and USDC accounting for 90% of the market share.

In terms of transaction volume, stablecoins reached $27.6 trillion in 2024 – exceeding the combined transaction volume of VISA and MasterCard by 7.7%. Data from Artemis further shows that between January 2023 – February 2025, $94.2 billion worth of stablecoin transactions were settled.