ARK Invest Research Director Outlines Five Major Obstacles for OpenUSD Stablecoin: Liquidity, Governance, and Regulatory Risks
Lorenzo Valente, Research Director at ARK Invest, published an analysis of the OpenUSD stablecoin project backed by Visa, Stripe, Mastercard, BlackRock, and Coinbase. Despite the strong consortium, he highlights five critical hurdles: liquidity cold start, slow governance by a 500-member alliance, high regulatory and antitrust risks, unsustainable revenue-sharing model, and limited partner commitments. He compares OpenUSD to a 'DAO of competitors' and predicts it may fail like early DAOs. Following the news, Circle's stock dropped over 17%, while ARK Invest bought the dip.


