Cardano Founder Discusses Ripple USD Stablecoin Integration

Andras Crow-Hreidar
By Andras Crow-Hreidar Add a Comment
2 Min Read

Charles Hoskinson, founder of Cardano, has revealed ongoing discussions between his team and Ripple regarding the integration of the Ripple USD (RLUSD) stablecoin. In a recent post, Hoskinson stated that they are actively exploring the possibility. This development comes amid social media debates surrounding Cardano’s inability to integrate popular stablecoins like USDC.

Cardano Founder Discusses Ripple USD Stablecoin Integration = The Bit Journal

Cardano and Ripple Collaboration

Hoskinson’s announcement sheds light on a potential partnership that could strengthen Cardano’s position in the stablecoin market. According to Hoskinson, the Cardano Foundation had an opportunity to integrate USDC in 2021, but a deal with Circle, the issuer of USDC, did not materialize. He emphasized that Input Output Global (IOG), the company behind Cardano, would not use its profits to fund ecosystem initiatives, stating:

“IOG’s profits are not public money.”

The newly launched RLUSD stablecoin has already gained traction with listings on prominent exchanges like Bitstamp and Bullish. Ripple President Monica Long recently expressed optimism about RLUSD being listed on more exchanges soon.

Cardano Founder Discusses Ripple USD Stablecoin Integration = The Bit Journal

The Role of RLUSD in Cardano’s Ecosystem

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Hoskinson praised the RLUSD team as “smart professionals” and expressed openness to integrating RLUSD into Cardano if a viable path exists. He stated:

“If there’s a reasonable way to integrate RLUSD, I’ll welcome it as a gift to the ecosystem. Cardano needs a robust stablecoin ecosystem, from USDM and Djed to RLUSD.”

Currently, RLUSD operates on Ethereum and XRP Ledger, but Ripple has indicated plans for broader blockchain support in the future.

Future Prospects for RLUSD

Ripple’s efforts to expand RLUSD’s adoption highlight the growing importance of stablecoins in decentralized finance. While the specifics of integrating RLUSD into Cardano remain unclear, the potential partnership could mark a significant milestone for both platforms.

As the conversation unfolds, The Bit Journal will continue to monitor developments, providing updates on this potential collaboration and its implications for the broader crypto ecosystem.

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Editorial Director Hi there, my name is András and I'm a business and finance journalist living in Norway. My passion lies in uncovering the latest stories in the world of finance and delivering them to my readers in a way that's clear and engaging. I cover a wide range of topics in the finance world, including cryptocurrencies, which I believe have the potential to transform the way we interact with money and financial systems.As a journalist, I'm committed to providing my readers with accurate and reliable reporting. I believe that access to high-quality information is essential for making informed decisions, whether it's about personal finances or investments. When I'm not writing about finance, I enjoy a variety of hobbies and interests.
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