According to The Block, Visa CEO Ryan McInerney stated on the earnings call that Visa will adopt a multi-currency, multi-chain strategy, not to pick winners, but to help customers securely and at scale connect to the stablecoin ecosystem. Last month, Visa joined the Open Standard alliance, comprising over 140 companies, in support of launching the Open USD stablecoin. This month, Visa launched an internal platform to assist banks and fintech companies in using stablecoins, initially supporting OUSD.
Visa to Adopt a Multi-Currency, Multi-Chain Strategy to Support the Stablecoin Ecosystem
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Summary
Visa is driving ecosystem growth through a multi-currency, multi-chain strategy to connect clients to the stablecoin ecosystem. The company joined the Open Standard coalition and launched an internal platform to support banks and fintechs using stablecoins, beginning with OUSD. On-chain developments show Visa is positioning itself to expand its role in digital asset infrastructure.
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