Key Notes

Khosrowshahi emphasized the importance of stablecoin as a store of value, hinting that he prefers them over Bitcoin.

Arizona Senator Ruben Gallego confirmed that the Senate's stablecoin bill could garner support from up to 16 Democrats.

Stablecoin issuer Circle made a strong NYSE debut, with shares opening at $69 and closing at $83, marking a 168% first-day gain. .

Global ride-sharing giant Uber is now exploring the use of stablecoin to reduce costs in moving money cross-border. CEO Dara Khosrowshahi said that the company is still in the “study phase,” while speaking at the Bloomberg Tech Summit in San Francisco on June 5.

Khosrowshahi added that the company is definitely looking at stablecoins, and prefers them over Bitcoin BTC $103 449 24h volatility: 1.1%

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