Uber (UBER.US) is considering using stablecoins to reduce the cost of cross-border currency and has entered the research phase.

The financial news app ZhuTong Finance has learned that Dara Khosrowshahi, CEO of Uber Technologies (UBER.US), revealed during an interview at the Bloomberg Technology Conference in San Francisco on Thursday that the company is in the "research stage" of using stablecoins to facilitate global fund transfers. He stated that stablecoins can help reduce the cost of cross-border fund flows and seem to have practical benefits beyond the historical value of cryptocurrencies, especially for multinational companies, with "quite promising prospects."