Cyclops founder Alex Wilson on the bank-led stablecoin consortiums like Open USD: They "do a lot of innovation theater... a fancy announcement, a lot of names, and then you really don't know for six months, 12 months what's going to actually happen." https://x.com/i/broadcasts/1dKrPPVDELyJX

Cyclops founder Alex Wilson on the bank-led stablecoin consortiums like Open USD: They "do a lot of innovation theater... a fancy announcement, a lot of names, and then you really don't know for six months, 12 months what's going to actually happen." https://x.com/i/broadcasts/1dKrPPVDELyJX

"Circle stands to lose the most. But it's still just so early for a lot of these bank led consortiums, which do a lot of innovation theater" Alex Wilson, Co-founder of Cyclops, on why Circle's new competition is threatening but no sure thing "Whether it's OUSD or some of these other consortiums, o