Uber Technologies Inc. (NYSE:UBER) CEO Dara Khosrowshahi once stressed the importance of embracing cryptocurrencies for practical purposes rather than as a “store of value.”
Stablecoins Over Bitcoin?
At the Bloomberg Tech Summit in San Francisco on June 6, 2025, Khosrowshahi called Bitcoin (CRYPTO: BTC) a “proven commodity” but said he finds crypto’s “instantiation” offers more practical benefits.
“I do think that stablecoin is quite promising, especially for global companies that are moving money around globally, to create a mechanism for us to essentially reduce costs,” he said.
At the time, Khosrowshahi said that the company was in the “study phase” for enabling cross-border stablecoin payments, calling it a “super interesting” proposition.