COULD THERE BE A $XRP x $ADA ALLIANCE COMING SOON?
Charles Hoskinson, Cardano founder, disclosed the specifics of his most recent meetings with Ripple and the potential for the two blockchain networks to work together. Hoskinson claims he had a positive and encouraging conversation about potential future partnerships with the Ripple team during an AMA session.
Hoskinson expressed confidence in Ripple’s stablecoin prospects in the Cardano ecosystem, even though Ripple has not made a detailed announcement about its plan and development. He demonstrated the potential of RLUSD in the Cardano DeFi ecosystem by saying, “There’s no reason why we shouldn’t work together.”.
Additionally, Hoskinson provided some information regarding his contacts with Ripple, specifically with the developers of RLUSD, the company’s recently released stablecoin. RLUSD intends to list on additional blockchain platforms after being traded on Ethereum and the XRP Ledger. Hoskinson stated that he loved working with the Ripple team and that Cardano may be included in these networks in 2024.
RLUSD is a stablecoin correlated with the greenback and is issued natively on the Ethereum and XRP Ledger networks.
RLUSD has been accessible on the well-known platforms Bitso, MoonPay, and Uphold. Its introduction of Bullish and Independent Reserve has had a significant impact and now permits transactions in some currencies, including ETH, SOL, XRP, and even the euro.
Ripple appears to be working toward a full ecosystem, which includes decentralized finance, payments, and much more. The cryptocurrency company wants to support the price of XRP while bolstering its market position. a trend that might encourage other players to do the same. Ripple’s RLUSD ignited the cryptocurrency market in a single day, resulting in over $1 billion in trading volume. An exuberant beginning that suggests this stablecoin has a bright future.
The token is used for decentralized banking and international payments etc.
