Visa2026-07-30 09:20:48Visa CEO says stablecoin strategy will stay neutral across currencies and chainsVisa CEO Ryan McInerney said on the company’s July 28 earnings call that Visa will keep a neutral approach to stablecoins across multiple currencies and blockchains, rather than backing a single winner. He said the company’s role is to help clients connect securely to the stablecoins and networks that gain adoption. McInerney also said Visa is one of more than 140 supporting companies behind Open Standard, while stressing that this should not be read as an exclusive commitment to Open USD. The comment draws a line between Visa’s support for an industry standard effort and any suggestion that it is tying its long-term stablecoin plans to one token. Visa’s stablecoin platform, launched on July 16, initially supports Open USD. At the same time, the company said the platform will remain interoperable with its existing global settlement products. The remarks were reported by crypto.news.1840
Visa2026-07-29 21:01:15Visa CEO says the company is not picking winners in stablecoins amid Open USD questionsVisa 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.1870
