ARK Invest Research Director Questions Open USD: Multiple Shortcomings in Network Effects, Governance, and Business Model

CoinFeed July 1 news, ARK Invest Research Director Lorenzo Valente posted on X platform that he is highly skeptical about the stablecoin project Open USD, jointly launched by over 500 companies including Visa, Stripe, Mastercard, BlackRock, and Coinbase, and believes it will be difficult to achieve scale effect.