Visa CEO sidesteps labeling Open USD a challenger to Tether and USDC: ‘Our role is not to pick winners’
The Block·
60-second summary
Visa CEO is declining to label Open USD a direct challenger to Tether and USDC, stating that their role is not to pick winners. The company will instead focus on supporting multiple stablecoins and blockchain networks, aiming to remain multi-coin and multi-chain. This approach reflects the growing diversity of the stablecoin market and Visa's efforts to adapt to its evolution.
The payment giant will "remain multi-coin, multi-chain" and "not to pick winners" as stablecoins are poised to proliferate.