Cardano and Ripple may soon join forces to expand adoption of the Ripple USD (RLUSD) stablecoin, potentially bringing significant mutual benefits for both platforms. Cardano and Ethereum co-founder Charles Hoskinson recently confirmed ongoing discussions with the Ripple team about the possibility of hosting RLUSD on the Cardano blockchain.
During a recent interactive session, Hoskinson shared insights into several meetings with Ripple representatives. These discussions primarily revolved around the stablecoin RLUSD, which is currently hosted on the Ethereum and XRP Ledger (XRPL) blockchains. Ripple, led by CEO Brad Garlinghouse, has expressed interest in expanding RLUSD issuance to more platforms, with Cardano emerging as a promising candidate.
Hoskinson expressed his appreciation for the Ripple team, citing their collaborative approach and openness to collaboration. He suggested that Cardano would not hesitate to explore a partnership if the opportunity aligns with their vision. Additionally, he noted the possibility of integrating Ripple’s initiatives with Midnight, Cardano’s privacy-focused sidechain, to improve privacy and security features.
Technical discussions and expected benefits
The Cardano co-founder revealed that preliminary discussions with David Schwartz, Ripple’s Chief Technology Officer, focused on technical aspects and cooperation strategies. These conversations suggested the potential for Ripple projects to integrate into the Cardano ecosystem, which could pave the way for innovative applications and wider adoption of RLUSD.
Hoskinson also praised Ripple’s contributions to…
