Visa CEO Ryan McInerney said the payments giant does not see its role in stablecoins as choosing winners, but as helping clients connect to the ecosystem securely and at scale. He made the remarks during an earnings call after questions about Open USD, or OUSD, a stablecoin planned by the Open Standard initiative later this year. Last month, Visa joined more than 140 companies, including Stripe, Mastercard, BlackRock and Coinbase, in backing the standard. After that announcement, the market speculated that OUSD could emerge as a challenger to Tether’s USDT and Circle’s USDC. Asked directly whether Visa viewed OUSD as a competitor to those leading stablecoins, McInerney said Visa would stick to a “multi-coin, multi-chain” approach rather than bet on any single stablecoin, network or infrastructure stack. He said the company’s goal is to help customers access the stablecoin ecosystem regardless of which token, chain or underlying infrastructure sees adoption. Ark Invest said Visa appears interested in Open USD, though that does not necessarily signal an exclusive strategic bet on OUSD.
Visa CEO Ryan McInerney said on the company’s earnings call that Visa does not view its role in stablecoins as picking winners. Instead, he said, the company is focused on helping customers connect to the stablecoin ecosystem securely and at scale.
His comments came after questions around Open USD, or OUSD. Last month, Visa joined more than 140 companies, including Stripe, Mastercard, BlackRock and Coinbase, in supporting Open Standard, which plans to launch the stablecoin later this year.
After that announcement, the market briefly speculated that OUSD could challenge Tether’s USDT and Circle’s USDC. Asked whether Visa saw OUSD as a competitor to those two stablecoins, McInerney said Visa would maintain a “multi-coin, multi-chain” strategy and would not bet on any single stablecoin, network or infrastructure.
He said Visa’s goal is to support customers entering the stablecoin ecosystem regardless of which stablecoin, blockchain network or underlying infrastructure ultimately gains adoption.
Ark Invest said Visa is clearly interested in Open USD, but that does not necessarily mean the company sees OUSD as an exclusive strategic bet. In broader terms, Ark’s view was that Visa appears to be keeping an open position at the stablecoin infrastructure layer rather than aligning itself directly with any one issuer.
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