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The Camel Curse: Why the Banks’ Stablecoin Venture Is Doomed—And Why Buying Circle Is Their Only Shot at Winning

Mike Hogan
July 9, 2025

In the cutthroat arena of technology and finance, joint ventures (JVs) promise to pool expertise for breakthroughs. But as the old saying goes, “A camel is a horse designed by committee.” This quip nails the chaos of partnerships where too many equals with overlapping strengths churn out mediocrity. The recent buzz about America’s biggest banks—JPMorgan […]

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