TL;DR
- Rumors of a collaboration between Ripple and Cardano have intensified, fueled by discussions between their leaders.
- The main focus is the potential integrating of Ripple’s stablecoin RLUSD into Cardano’s ecosystem.
The Partnership Seems More Likely
Over the past few months, there has been an abundance of speculation surrounding a potential partnership between Ripple and Cardano. This chatter began in mid-November when I, as a researcher, observed a conversation between Charles Hoskinson, founder of Cardano, and Brad Garlinghouse, CEO of Ripple. The specifics of their discussion remained vague, but Hoskinson characterized Garlinghouse as an impressive CEO, further commenting that he is highly collaborative.
Garlinghouse expressed gratitude for the complimentary remarks, responding, “Now is when the crypto community should unite, advocate for fair conditions, and establish clear guidelines.
A week after, whispers about a potential collaboration grew stronger following another chat between Hoskinson and a member of Ripple’s executive team, David Schwartz, their CTO. Cardano’s creator mentioned that the discussion revolved around Midnight, a privacy-centric sidechain, and XRP. In response, Schwartz expressed his delight at conversing with Hoskinson.
In a recent online debate on platform X, Cardano’s founder participated in a lively conversation about the possibility of integrating Ripple’s stablecoin, RLUSD, into their ecosystem. A user questioned whether this was a potential move, to which Hoskinson replied that it appears to be an appropriate option. He added that if there is a “reasonable path,” Cardano would be open to welcoming it.
“We’ve already had a call with the RLUSD people. We are actively talking,” he added.
RLUSD’s Progress
A little over a month ago, I was thrilled to witness the launch of Ripple’s stablecoin, following its approval by the New York Department of Financial Services (NYDFS).
The currency, which is directly linked to the US dollar, has generated significant enthusiasm within the crypto sphere and been adopted by prominent cryptocurrency platforms. As it was introduced, Uphold, Bitso, Moonpay, CoinMENA, Bullish, and others started offering trading services with RLUSD.
When this currency, tied to the US dollar, launched, popular crypto exchanges like Uphold, Bitso, Moonpay, CoinMENA, Bullish, and more began providing trading options for it (RLUSD).
A week ago, Ripple’s president, Monica Long, hinted that other popular platforms might soon follow a similar move. Indeed, it seemed Bitstamp took the lead by introducing trading pairs for Ripple (RLUSD) against EUR, USD, USDT, BTC, ETH, and XRP just a day later.
Although they’ve expressed their support, the company underlined the importance of being cautious when dealing with this digital currency. They warned that it comes with substantial risks and might not suit every investor’s profile.
“Don’t invest unless you’re prepared to lose all the money you invest,” it warned.
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2025-01-14 18:10