Circle responds positively to OUSD competition: Consortium style stablecoins are difficult to succeed, and ultimately the winner will be determined by network effects Foresight News reported that Jeremy Allaire, the co-founder of Circle, sent a positive response to the OUSD competition. He said that the stable currency network is essentially an Internet platform business, which has a long-term structure of "winner takes all or winner takes all". Network effect and liquidity are decisive factors. \On the competitive level, Allaire questions the "consortium style stablecoin" model such as OUSD, believing that multi-party alliance structures are prone to problems such as slow decision-making, inconsistent incentives, and insufficient long-term execution. Similar projects such as Diem have proven that this model is difficult to scale up in history. In addition, although free casting/redemption, profit distribution mechanism, and governance structure design are theoretically attractive, the real market requires stable profitability to support infrastructure investment, otherwise it may weaken long-term network construction capabilities.