According to @LexSokolin, Christian Catalini, the architect of Facebook’s Libra (Diem), detailed the problems a Stripe led Libra style consortium could face and argued that permissionless, public networks are the better choice. Source: Lex Sokolin on X, Sep 5, 2025. This view favors exposure to open blockchain networks over permissioned stablecoin consortia and is relevant for positioning across BTC and ETH during decentralization in payments narratives. Source: Lex Sokolin on X, Sep 5, 2025.