Visa CEO says company will keep multi-coin stablecoin strategy

Visa CEO Ryan McInerney said on an earnings conference call that the company does not intend to back any specific stablecoin and will maintain a multi-coin, multi-chain strategy, according to The Block. Asked whether Visa sees the new dollar-pegged stablecoin OpenUSD (OUSD) as a competitor to USDC and USDT, McInerney said, "our role is not to pick winners." McInerney added, "Visa will continue to pursue a multi-coin, multi-chain strategy," and said the company’s role is to help customers connect to the stablecoin ecosystem safely and at scale, regardless of which stablecoin, network, or infrastructure is ultimately adopted.