Consortiums power the internet and are a battle-tested way for organizations (including competitors) to engage in coopetition.
In this set, they didn't need to leverage an existing blockchain to intermediate that relationship without decentralization to the ETH degree.
Without invoking black swans, is Android vs. iPhone the framework where ETH/SOL might win?
For example, existing leaders in the current US system do @tempo; the biggest players in LATAM/SEA wouldn't trust each other to that degree, so they use a more open alternative.
The former has the consolidated capital pool, while the latter has the broader.
Not a ton of details yet, but a few features jump out at me:
* Opt-in privacy (similar to Arc, selectively shielded balances/txns?)
* Gas payable in any stablecoin
* Dedicated payment lanes (separate fee market / blockspace?)
* Enshrined Curve for cross-stablecoin swaps
* Initially consortium chain, eventually decentralized
Then the list of partners, who all seem to be tweeting alongside: Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered, Visa.
Big Libra energy. Do we get to see what Libra might actually be like were it allowed to launch? Although now in a much more competitive market than 2019.
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