Over the past few months, there have been many rumors about a possible partnership between Ripple and Cardano. It all started in mid-November when Charles Hoskinson (Cardano founder) had a chat with Brad Garlinghouse (Ripple CEO). It's still unclear what exactly they discussed, but the former called the latter a great CEO and added that the latter was very supportive of him.
Garlinghouse thanked them for their kind words and said: It is time for the crypto community to unite and demand a level playing field and clear rules. The time is now.
A week later, Hoskinson chatted again with someone from Ripple's management team (CTO David Schwartz), which increased speculation about a possible partnership. The
#Cardano founder said the topic of conversation was the privacy-focused sidechain Midnight and XRP. CTO Schwartz said he was excited to speak with CTO Hoskinson.
More recently, Cardano's founders were involved in a heated discussion on social media platform X. One user asked if Cardano was looking to integrate the
#Ripple stablecoin RLUSD into its ecosystem. Hoskinson replied that the product seems like the right choice and that the blockchain would accept it if there was a reasonable path.
We are already in contact with RLUSD representatives. We are actively communicating, he added.
Ripple stablcoin officially saw the light of day about a month ago after receiving the necessary authorization from the New York Department of Financial Services (NYDFS).
tied to the US dollar at a one-to-one exchange rate, the product has been a major force in the
#cryptocurrency market for some time now. It has made a big splash in the sector and has been adopted by some major cryptocurrency exchanges. Following the launch, exchanges such as Uphold,
#Bitso , Moonpay, CoinMENA and Bullish have added trading services using RLUSD.
Last week, Monica Long, president of Ripple, said that people should expect similar moves from other prominent platforms in the "near future.
She said people should expect similar moves from other well-known platforms "in the near future.
Just a day later, Luxembourg-based Bitstamp added the RLUSD/EUR, RLUSD/USD, RLUSD/USDT, RLUSD/BTC, RLUSD/ETH and RLUSD/XRP trading pairs.
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