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.
“We’re still in the study phase, but I think stablecoin is one of the, for me, more interesting instantiations of crypto that has a practical benefit other than crypto as a store of value. Obviously, you can have your opinions on Bitcoin, but it’s a proven commodity, and people have different opinions on where it’s going.”
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One stablecoin use case that Khosrowshahi believes could benefit Uber and other
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