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Investing.com -- Uber Technologies Inc . (NYSE:UBER) is considering the use of stablecoins for international money transfers, according to the company’s Chief Executive Officer Dara Khosrowshahi. The potential adoption of stablecoins could help reduce the cost of transferring money between different countries, especially for global companies.
The CEO expressed his interest in the practical benefits of stablecoins, which he believes extend beyond the historical value of cryptocurrencies. Khosrowshahi shared these insights during his interview at the Bloomberg Tech conference in San Francisco on Thursday.
He stated that this concept is "super interesting" and that the company will "definitely take a look". Following Khosrowshahi’s comments, Uber’s stock rose by 1.4%.
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