According to Wu Blockchain, ARK Invest's Director of Research, Lorenzo Valente, is skeptical about the recently launched stablecoin alliance 'OpenUSD.' He believes that this consortium model is unlikely to achieve scalability and will struggle to challenge the market dominance of USDC and USDT. Valente pointed out that such projects face the issue of a liquidity cold start and lack trading pairs with the existing mainstream crypto markets. Additionally, its internal governance structure raises concerns, as decision-making within an alliance of 500 competitors is inefficient. Compared to models like Circle and Tether, which have a single decision-making entity capable of quickly responding to market changes, OpenUSD lacks competitiveness. Furthermore, Valente analyzed that OpenUSD's economic model leaves its issuers financially constrained, making it difficult to support a complex ecosystem rebate system like Circle's. He likened OpenUSD to a 'DAO experiment,' suggesting that 'being owned by everyone' often translates to 'being accountable to no one.' https://www.(wublock123.com)/news/news-63773