Crypto Token Tracker logo Crypto Token Tracker logo
Coinpaprika 2025-01-14 08:30:20

Cardano in Talks to Integrate Ripple’s RLUSD Stablecoin

Charles Hoskinson , founder of Cardano , has confirmed that discussions are underway to integrate RLUSD, Ripple’s newly launched stablecoin, into the Cardano blockchain. Since its debut in December, RLUSD has gained attention as a regulatory-approved stablecoin with significant potential in the crypto space. Integration with Cardano’s DeFi ecosystem could significantly boost its adoption and visibility. In a recent social media exchange, Hoskinson disclosed the ongoing talks, emphasizing the importance of strengthening Cardano’s stablecoin portfolio, which already includes USDM and Djed . He stated, “If there is a reasonable way to integrate RLUSD, I’ll work to make it happen as a contribution to the ecosystem. Cardano needs a robust stablecoin ecosystem.” Ripple’s efforts to expand RLUSD’s reach have garnered support from various sectors, including global exchanges. Additionally, the stablecoin was recently used in a prominent charity initiative, further boosting its reputation. Hoskinson praised Ripple’s leadership and commitment, describing the company as one with a “real community and clear purpose.” Cardano’s ADA token has experienced a turbulent price trend recently. Despite nearing a two-year high last week, the token faced a sharp decline due to bearish market activity. Long-term holders are striving to stabilize ADA’s value, and the potential integration of RLUSD could bring positive publicity and renewed interest in the blockchain. For Ripple, integrating RLUSD with Cardano would align with its goal of challenging leading stablecoins by fostering broader adoption. By collaborating with a prominent DeFi blockchain like Cardano, Ripple could unlock new opportunities and strengthen RLUSD’s position in the market. While the discussions signal optimism from both parties, no concrete agreement has been finalized. Hoskinson’s openness about the talks suggests confidence in their progress, but further negotiations may involve additional conditions yet to be determined. This collaboration, if successful, could significantly benefit both Ripple and Cardano, enhancing their ecosystems and fostering greater adoption within the crypto community.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.