Uber Applied sciences Inc. (NYSE:UBER) CEO Dara Khosrowshahi as soon as harassed the significance of embracing cryptocurrencies for sensible functions relatively than as a “retailer of worth.”
Stablecoins Over Bitcoin?
On the Bloomberg Tech Summit in San Francisco on June 6, 2025, Khosrowshahi known as Bitcoin (CRYPTO: BTC) a “confirmed commodity” however stated he finds crypto’s “instantiation” affords extra sensible advantages.
“I do assume that stablecoin is kind of promising, particularly for international corporations which might be shifting cash round globally, to create a mechanism for us to basically cut back prices,” he stated.
On the time, Khosrowshahi stated that the corporate was within the “examine part” for enabling cross-border stablecoin funds, calling it a “tremendous attention-grabbing” proposition.
The Countdown: When Will Uber Go Crypto?
This was not the primary time Khosrowshahi has voiced such issues.
Talking to CNBC in 2021, he stated the corporate is “going to look into” Bitcoin and different cryptocurrencies for transactions. A yr later, in 2022, he stated that Uber is “absolutely” going to accept cryptocurrency for funds sooner or later sooner or later.
In the meantime, seven months have handed since his newest comment, however the mobility big has but to implement cryptocurrencies as a fee choice.
Uber didn’t instantly return Benzinga’s request for remark.
Are Stablecoins The Future Of Transactions?
Curiously, Uber was among the early participants within the Diem Affiliation, previously Libra, becoming a member of in 2019 to help Meta Platforms‘ (NASDAQ:META) now-defunct stablecoin initiative for international funds.
A 2025 report by Grayscale discovered stablecoins, together with USDC (CRYPTO: USDC), have been facilitating nearly $800 billion in digital transactions each month, positioning themselves as credible challengers to conventional fee networks like Visa (NYSE:V).
Worth Motion: On the time of writing, BTC was exchanging palms at $89,963.99, up 0.71% within the final 24 hours, based on data from Benzinga Pro.
Shares of Uber rose 0.22% in after-hours buying and selling after closing 0.65% greater at $84.26 throughout Wednesday’s common buying and selling session. Yr-to-date, the inventory has gained over 3%.
The inventory maintains a weaker worth pattern over the brief, medium, and lengthy phrases, with Progress as its strongest class, based on Benzinga’s Edge Inventory Rankings.
Photo Courtesy: Frederic Legrand – COMEO on Shutterstock.com
