Uber, Valued at $175 Billion, Studies Stablecoin Payments for 171 Million Users; CEO Says Bitcoin Is Proven Commodity

Uber Technologies Inc., valued at approximately $175 billion, is in the study phase of exploring the use of stablecoins as a payment vehicle, according to the company's CEO, Dara Khosrowshahi.

Uber is evaluating stablecoins as a way to transfer money globally, aiming to lower transaction costs and enable faster settlements, particularly in regions where local banking systems are expensive or slow. Uber has 171 million monthly active platform consumers as of December 31, 2024.

Khosrowshahi made these remarks at the Bloomberg Tech conference in San Francisco, highlighting that stablecoins could reduce foreign exchange fees and compress costs for global operations, including cross-border payouts to gig workers in markets with unstable currencies and limited banking access. He emphasized that Uber is measuring operational, regulatory, and technical factors before making any decision, and clarified that the current study phase does not involve holding cryptocurrency on the company's balance sheet or speculative treasury investments.

The CEO also referred to Bitcoin as a "proven commodity" and a store of value, but indicated that Uber's focus remains on payment flexibility for users rather than investment. Khosrowshahi stated that Bitcoin payments are on the company's roadmap, pending regulatory clarity and technical integration.

Any potential deployment of stablecoins or cryptocurrencies as payment options would comply with existing consumer protection regulations. Uber's product teams are reportedly exploring the development of a dedicated crypto wallet within the Uber app, though the company remains in an exploratory posture.

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