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Home›Crypto›Market Structure›Visa CEO says it will stay multi-coin and multi-chain…

Visa CEO says it will stay multi-coin and multi-chain for stablecoins

The payment company said it will not choose between stablecoin issuers as stablecoins continue to expand across networks.

Reported · Written up by our desk · Market Structure

Visa CEO sidestepped naming Open USD as a direct challenger to existing stablecoins, saying the company’s role is not to pick winners in the market, according to The Block.

In remarks covered by The Block, Visa said it plans to remain multi-coin and multi-chain as stablecoins are expected to proliferate.

The stance implies Visa intends to support the growth of different stablecoin products and ecosystems rather than aligning itself with a single provider or network.

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Sources

The BlockVisa CEO sidesteps labeling Open USD a challenger to Tether and USDC: ‘Our role is not to pick winners’

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