Ripple’s RLUSD stablecoin may launch on Cardano in 2024, boosting adoption.
Talks explore RLUSD integration and Ripple's entry into Cardano’s Midnight privacy ecosystem.
Collaboration promises technology transfer, enhanced DeFi solutions, and future blockchain innovation.
Charles Hoskinson has revealed exciting news for blockchain enthusiasts. Ripple’s stablecoin, RLUSD, might join the Cardano network in 2024. During a recent AMA session, Hoskinson discussed promising talks with Ripple’s team. These conversations covered stablecoin interoperability and the potential integration of Ripple into Cardano’s privacy-focused Midnight ecosystem.
https://twitter.com/CollinBrownXRP/status/1873077530862977063 Ripple Stablecoin RLUSD Might Arrive on Cardano Soon
During the AMA, Hoskinson detailed meetings with Ripple’s team about RLUSD. The stablecoin currently operates on Ethereum and the XRP Ledger. Ripple plans to expand RLUSD to other platforms, and Cardano is being considered for 2024. Hoskinson expressed admiration for Ripple’s team, calling them great collaborators. He noted that RLUSD developers are bouncing back after early setbacks.
While Ripple has shared limited details about RLUSD’s future, Hoskinson believes the stablecoin fits Cardano’s DeFi ecosystem well. Both blockchains stand to benefit from this partnership. Ripple could leverage Cardano’s technologies like the Marlowe smart contract platform. Hoskinson highlighted the synergy, saying there’s no reason not to work together.
Ripple’s Role in Cardano’s Midnight Ecosystem
Hoskinson also discussed Ripple’s possible entry into Cardano’s Midnight ecosystem. Midnight, a privacy-focused sidechain, supports secure data transactions. Talks between Ripple and Midnight teams have explored ways to combine their technologies. Early discussions with Ripple CTO David Schwartz addressed technical details and collaboration ideas.
Hoskinson described Schwartz as a brilliant and determined leader who has helped Ripple succeed. He also praised Ripple for significant achievements despite ongoing legal battles with the SEC. Ripple’s partial victory in 2023 reinforced its position, but challenges from appeals continue. Despite this, Ripple’s progress has been remarkable, showing resilience in tough times.
Hoskinson expressed optimism about the future of Ripple and Cardano’s partnership. He believes their collaboration could drive innovation in decentralized technology. Ripple’s stablecoin RLUSD joining Cardano might signal the beginning of a transformative chapter for both ecosystems.
The post Charles Hoskinson Hints at Ripple Stablecoin Coming to Cardano appeared first on Crypto News Land.
