Uber is projecting third-quarter gross bookings of up to $60 billion, signaling continued growth in its ride-hailing and delivery businesses. At the same time, the company is exploring the use of stablecoins for cross-border payments, a move that could reshape how it handles international transactions.
A $60 billion quarter
Uber said in its latest outlook that gross bookings for the three months ending September could reach $60 billion. The figure includes all transactions on Uber's platform before deducting driver pay and other costs. The projection comes as Uber continues to expand its services globally, with ride-hailing and Uber Eats delivery expected to drive the bulk of the volume.
The company did not provide a comparison to the previous quarter or offer a specific breakdown by region. But the $60 billion target suggests Uber sees strong demand heading into the fall. Gross bookings are a key metric for the company, reflecting the total value of rides and deliveries processed through its app.
Stablecoins on the radar
Uber is also looking into stablecoins as a way to handle cross-border payments. The company is studying how these digital assets, which are typically pegged to a fiat currency like the US dollar, could reduce the cost and time of international money transfers. Uber processes payments in many countries, and stablecoins could offer an alternative to traditional banking rails.
Stablecoins are designed to maintain a stable value, unlike volatile cryptocurrencies such as Bitcoin. For a company like Uber that operates in dozens of markets, using stablecoins could help avoid currency conversion fees and speed up settlement times for drivers and partners abroad. The exploration is still in early stages, and Uber has not announced any plans to integrate stablecoins into its payment system.
No timeline yet
Uber has not set a timeline for any potential stablecoin rollout. The company's immediate focus remains on its Q3 performance. Actual results for the quarter are expected to be reported in early November, which will reveal whether Uber hit its $60 billion projection. For now, the stablecoin exploration is just that — an exploration, with no concrete next steps announced.
