Woofun AI reports that Lorenzo Valente, Director of Digital Asset Research at ARK Invest, has expressed skepticism regarding the stablecoin consortium project OpenUSD. Valente questions whether such initiatives can achieve scale, noting that similar alliances like Diem and Global Dollar failed to establish dominant network effects. He asserts that Tether and Circle maintain market dominance through strong network effects and instant liquidity, whereas OpenUSD faces a "cold start" problem due to joint governance structures that slow decision-making. Valente compares this to DAO governance dilemmas, highlighting high collaboration costs and inefficient capital deployment.

Furthermore, he argues that OpenUSD's economic model is unsustainable if reliant on low-fee splits, as it cannot cover infrastructure and expansion costs. Valente concludes that OpenUSD resembles a "collection of letters of intent" rather than a unified product, predicting that single operators capable of rapid iteration will likely succeed over multi-party consensus structures.