News
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Visa CEO sidesteps labeling Open USD a challenger to Tether and USDC: 'Our role is not to pick winners'
Visa's chief executive said the company will stay multi‑coin and multi‑chain, refusing to label Open USD as a challenger to Tether or USDC, and emphasized that Visa does not pick winners among stablecoins.
Published:
Updated:
What happened
Visa’s chief executive said the company will stay multi‑coin and multi‑chain, refusing to label Open USD as a challenger to Tether or USDC, and emphasized that Visa does not pick winners among stablecoins.
Confirmed
Global impact / market context
Visa’s neutral stance signals that major payment networks may support many stablecoins, giving issuers broader access to consumers and encouraging competition without favoring any single token.
Analyst inference
Stablecoins like USDT and USDC are expanding, and payment firms are preparing to support many of them across different blockchain networks.
Confirmed
What to watch
- Whether Visa adds Open USD to its payment network, which could increase transaction volume for that stablecoin. Analyst inference
- How other large payment processors respond, potentially creating a competitive environment for stablecoin integration. Analyst inference
- Regulatory guidance on stablecoins, which may affect Visa’s multi‑chain strategy and the broader adoption of digital currencies. Analyst inference
Affected assets
- USDT — Tether
- USDC — USD Coin