Visa's OpenUSD Support More Like Letter of Intent Than Strategic Bet, Says ARK Invest

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According to PANews, ARK Invest crypto research director Lorenzo Valente said today that Visa's commitment to OpenUSD is closer to a letter of intent than a strategic bet. During its earnings call, Visa stated it will maintain a multi-asset, multi-chain strategy, with its role being to help clients safely connect stablecoins rather than pick winners. Valente noted the distinction: supporting OpenUSD differs fundamentally from committing substantial resources, channels, or balance sheet commitment.
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