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Visa supports multi-coin stablecoin ecosystem, sees Open USD as a payments tool, not a Tether or USDC rival.

Market News
01 Aug 2026
CrowdFundInsider
View Source
Neutral
pluang ai news

Visa CEO Ryan McInerney clarified that Visa's Open USD stablecoin is not positioned as a direct competitor to Tether's USDT or Circle's USDC. Instead, Visa maintains a neutral, multi-coin, and multi-chain approach to support the broader stablecoin ecosystem. Visa joined the Open Standard consortium to promote Open USD as a payments-focused digital dollar with a shared-incentive model designed to encourage adoption. The company also launched the Visa Stablecoin Platform to facilitate stablecoin minting, movement, and conversions, emphasizing infrastructure support rather than backing a single token in the growing stablecoin market.

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