Founder at MIT Cryptoeconomics Lab, @ccatalini, on Tokenized with cohosts ⁣@sytaylor and @cuysheffield said the real test for OpenUSD isn't the crypto-forward fintechs, it's whether a G-SIB walks away from its own stablecoin plans to use it instead.⁣ ⁣ "I don't doubt that even given the initial set of partners, OpenUSD can do really well in the forward looking fintechs that are building wallets, new infrastructure and products and services."⁣ ⁣ "Can OpenUSD essentially convince them that, like, why bother? This is already the right structure."⁣ ⁣ "Is it neutral enough? Or do you worry about the influence of Stripe or Coinbase or Mastercard and Visa in the mix."⁣ ⁣ "This consortium can get together effectively and ship wonderful product experiences, people will gravitate towards it, and the economic design is the right one."⁣ ⁣ "It's very similar to what we had in Libra. A few months into the process, there were already discussions between different members that have conflicting incentives."⁣ ⁣ "That would be ultimate victory for this standard if you can convince banks to peel off and start using it."⁣ ⁣ At least one effort with 21 or more institutions is already trying to build a bank-owned alternative.⁣ ⁣ 🎙 Listen to the latest episode on Tokenizedpod(dot)com