Visa CEO: Not a single stable currency, but a multi-currency, multi-chain strategy

On July 30, Visa CEO Ryan McInerney stated that Visa would not judge which stable currency would be the winner, but would maintain a “multi-currency, multi-chain” strategy that would help customers to access the stable currency ecology safely. Before, Visa had worked with over 140 companies such as Stripe, Masters, Belet and Coinbase to support the Open USD stabilization currency launched by the Open Standard Alliance. The market once thought that OUSD might challenge USDC and Tether USDT of Circle. As to whether OUSD will become a USDT, USDC competition, McKinney states that it is not the role of Visa to “opt the winner” but to provide customers with services that link different stable currencies, networks and infrastructure。