Not even a federated sidechain like Liquid. Centralized L2 controlled by Coinbase marketed as decentralized. If you're using a bLoCkChAiN, you can market it as whatever you want. Why? Because no regulator or speculator has a clue.

Consensys, Coinbase, a16z, Circle. It's a big club and you're not in it.

https://twitter.com/coryklippsten/status/1595564120782172160