Visa has made clear that it sees value in stablecoins, but the payments giant is stopping short of picking a winner.
One of Visa’s most noteworthy recent stablecoin initiatives came last month, when it joined more than 140 companies — including Stripe, Mastercard, BlackRock and Coinbase — in backing Open Standard, a consortium planning to launch the Open USD stablecoin (OUSD) later this year.
When asked during an earnings call whether Visa viewed OUSD as a potential rival to USDT and USDC, CEO Ryan McInerney took an agnostic stance.
"Visa, going forward, will remain multi-coin, multi-chain.
Our role is not to pick winners," McInerney said on Tuesday afternoon.
