Visa CEO sidesteps labeling Open USD a challenger to Tether and USDC: ‘Our role is not to pick winners’
Covered by 3 sources · 3 articles
3 outlets - including Crypto, Crypto-news-flash and Theblock - are covering this story. Visa says it will support multiple stablecoins and chains as Open USD prepares to launch, rather than backing OUSD against USDC or USDT.
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Visa CEO downplays Open USD threat to Tether and USDC
Visa says it will support multiple stablecoins and chains as Open USD prepares to launch, rather than backing OUSD against USDC or USDT.
Visa Won’t Pick Stablecoin Winners, but Open USD Goes First
Asked about stablecoin competition on Visa’s July 28 earnings call, CEO Ryan McInerney gave a familiar answer. “Our role is not to pick winners,” he said. Visa holds a seat on the board of the company issuing Open USD, a consortium whose st…
Visa CEO sidesteps labeling Open USD a challenger to Tether and USDC: ‘Our role is not to pick winners’
The payment giant will "remain multi-coin, multi-chain" and "not to pick winners" as stablecoins are poised to proliferate.