The CEO of Uber believes that stablecoins catch the eye for their utility in payments.
As per the State of Stablecoins survey conducted by Fireblocks, around 90% of the surveyed financial institutions were blending stablecoins into their systems.
Uber, an American multinational transportation company, is now spreading its wings towards stablecoins to ease global payments and cut transaction costs linked with cross-border transactions.
The chief executive officer of Uber, Dara Khosrowshahi, attended the Bloomberg Tech Summit in San Francisco on June 5, in which he revealed that the company is in the study phase of assessing stablecoins as a potential tool for international money movement.
Stablecoins provide a practical profit aside from crypto as a store of value, referring to the technology as super interesting for global businesses. As per the CEO, as opinions on Bitcoin change person to person, stablecoins catch the eye for their utility in payments.
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