Hoskinson Says Cardano May Integrate Ripple’s RLUSD
Cardano founder Charles Hoskinson confirmed today that the blockchain is considering integrating Ripple’s new product RLUSD Stablecoin.
Since its launch in December, RLUSD has gained widespread attention for its efforts to become the leading stablecoin. Integrate with Decentralized Finance An ecosystem like Cardano can enhance its usage and popularity.
Cardano is in talks with Ripple
Cardano founder Charles Hoskinsonrevealed these conversations with Ripple in heated social media discuss. RLUSD Received U.S. regulatory approval less than a month ago but it has caused a sensation in the cryptocurrency space.
it Integrated Chainlink standard Last week, new partnerships were now being established:
“If there is a reasonable way to integrate RLUSD, I would try to use it as a gift to the ecosystem. Cardano needs a solid stablecoin ecosystem, from USDM, Djed to RLUSD. We have already had a call with the RLUSD people. We are actively working on it Discussion,” Hoskinson claimed.
ripple Always gathering goodwill Cardano’s connections could be another outcome in several areas of the cryptocurrency industry.
company Get global exchange support RLUSD Before launch, this new stablecoin was For high profile charities Actions over the past two days. Hoskinson commend The company says it “has genuine community, leadership and purpose.”
Cardano’s ADA token has been on a confusing price trajectory of late. A week ago this was Towards two-year highbut bearish activity Quickly turns price resistance into a sharp decline.
Long-term holders still trying to keep prices strongbut this Ripple deal will likely bring a lot of good publicity to Cardano.
However, Ripple will also benefit greatly from the integration of RLUSD with Cardano. The company has a bold vision Challenging the leading stablecoins RLUSD, this requires widespread adoption. Ripple is already working hard to build exchange acceptance, but the leading DeFi blockchain ecosystem will bring many new opportunities.
All in all, both sides have strong incentives to make these negotiations successful, but nothing specific has yet been determined. To be fair, Hoskinson probably wouldn’t have revealed those talks if he didn’t think they were going well.
However, the final agreement between Ripple and Cardano may involve other terms that cannot be predicted at this time.
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