Visa CEO declines to position Open USD as a challenger to Tether and USDC, stating the company will remain platform-agnostic across stablecoins.
DeFi & Yields ·
Visa's chief executive has resisted framing Open USD, a stablecoin initiative involving the payment processor, as competitive with existing alternatives like Tether and USDC. According to the executive, the company intends to maintain a neutral stance across the stablecoin landscape, describing the organization's role as one that does not select dominant players in the sector.
Visa has signaled a strategy of remaining "multi-coin, multi-chain," positioning itself to operate across different stablecoin options rather than backing a single standard. This approach reflects an expectation that multiple stablecoins will continue to emerge and proliferate across blockchain ecosystems.
The stance leaves ambiguous how Visa will differentiate Open USD in practice if it neither competes with nor actively displaces incumbent options. It also remains unclear whether this multi-coin positioning will extend to equal infrastructure support or if promotional emphasis might nonetheless favor certain coins over others despite the stated neutrality.