Choosing a stablecoin is the wisest option for a company like Uber. Stablecoins like USDT or USDC have the same value as the US Dollar. This will not confuse people when they first try to pay with stablecoins. This is different from Bitcoin where the transaction fees are high, the confirmation time is longer, and the value is difficult to determine due to its volatility. I personally would rather pay $10 with USDT than pay 0.0001 with Bitcoin. Yes, I think Uber knows about Bitcoin too. But if they are interested, they will make Bitcoin an investment instrument, not a means of paying for their services.
Stablecoins' value can only be guaranteed if issuers are able to back them with USD reserves. The day this stops (for whatever reason), would be the day where stablecoins will see their demise. Between USDT and USDC, I'd say USDC has better trust. Especially with Tether's shady practices (like increasing the supply every now and then).
At least, stablecoin adoption opens up the door for other cryptocurrencies to come into the fold. There are talks of launching stablecoins on the BTC blockchain itself. So you can see where this is heading to. With Uber on-board, I wonder if DoorDash will be the next company to adopt stablecoins? It seems that stablecoins will become the next CBDCs like I've predicted. Imagine companies ditching credit/debit card payments in favor of stablecoins. Mind-blowing, isn't it?
