Macquarie upgrades Visa and Mastercard to Outperform, citing the Open USD stablecoin’s 140+ partners as a growth driver.
Macquarie labeled the launch of the Open USD (OPEN-USD) stablecoin as a constructive development for Visa (V) and Mastercard (MA). The stablecoin has secured over 140 partners, signaling potential expansion in payment networks.
The firm maintained Outperform ratings on both companies, highlighting their exposure to digital asset infrastructure. Prior consensus had not fully priced in stablecoin adoption as a near-term catalyst for payment processors.
No immediate market reaction was reported following the note, but the outlook underscores growing institutional interest in blockchain-based payment solutions.