In my project I have an MCU that I want to communicate with via 5V TTL serial. I have two methods of doing this in my circuit, USB via an FT232R (5V) and Bluetooth via an HC-05 module and level shifter (TXS0102, 3.3V <-> 5V).
In order to switch between the two sources, I have implemented a MAX4525 analogue switch IC which is operated using the 5V supply from the USB on the logic switch but supplied from a different 5V source. Is this a valid design?
EDIT: Relevant parts of the schematic...
Edit: A different approach. Power the FT232R from the internal 5V supply. Use the same 3.3V supplied to the reset pin for switching the MAX4525 chip. I believe this way the MAX4525L will always be within spec?