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ARK Invest Executive Questions OpenUSD Stablecoin Consortium

2026-07-01 20:46:49

ARK Invest Director of Digital Asset Research Lorenzo Valente questioned whether stablecoin consortium project OpenUSD can reach scale. Valente cited past alliance failures such as Diem and Global Dollar and said Tether and Circle still dominate the stablecoin market.

USDG-0.04%

CRCLX-1.50%

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