TL;DR
- Hoskinson confirms chit-chats with Ripple’s top brass about RLUSD integration, possibly leading to fireworks in March.
- Ripple’s stablecoin hit the $100M mark, with exchanges like Bitstamp giving it a warm embrace.
One Step Closer?
Cardano’s maestro, Charles Hoskinson, and some of Ripple’s bigwigs have been entwined in a dance of words, leading the crypto aficionados to dream of a union between the two empires.
Back in November, the head honchos exchanged pleasantries, with Brad Garlinghouse (Ripple’s big cheese) proclaiming, “Now is the time for the crypto community to come together, push for a level playing field and clear rules of the road.”
Earlier this year, Hoskinson jumped into a lively tête-à-tête on X, where he dropped hints that Cardano might just roll out the red carpet for Ripple’s RLUSD. “We’ve already had a chinwag with the RLUSD folks. We’re actively jawing about it,” he declared.
The odds of a dazzling partnership seem to be on the up and up, given Hoskinson’s latest revelation. He mentioned that Cardano’s crew is in constant banter with Ripple’s head honchos about the nitty-gritty of RLUSD. He also teased some whopping news might be on the horizon:
“We’re in cahoots with David Schwartz and Brad Garlinghouse. There’s a solid chance we can strike a deal (RLUSD). Ripple’s told us to hang tight till March as they’ve just wrapped up with NYDFS. We’ll see if there’s a game plan and how they’re going to pull it off.”
A potential love affair between Cardano and Ripple (the darlings of the crypto sphere) could give their native tokens a much-needed boost. At the time of penning these words, ADA and XRP are nursing their wounds after the market’s brutal correction on February 3.
RLUSD’s Great Adventure
In April 2024, Ripple made waves with its plans to craft a stablecoin pegged 1:1 to the good old American dollar. After months of rigorous testing, the product got the green light from the New York Department of Financial Services (NYDFS) in mid-December.
Initially, it found favor with crypto exchanges like Uphold, Bitstamp, Bitso, Moonpay, CoinMENA, and Bullish.
Ripple’s president, Monica Long, chirped in early January that more popular platforms were poised to jump on the bandwagon “imminently.” True to her word, Bitstamp soon followed suit, listing RLUSD/EUR, RLUSD/USD, RLUSD/USDT, RLUSD/BTC, RLUSD/ETH, and RLUSD/XRP trading pairs.
Though it’s miles behind heavyweights like Tether (USDT) and USD Coin (USDC), RLUSD recently celebrated crossing the $100 million market cap milestone. The coming year will reveal if it can narrow the vast chasm with the industry leaders. Stay tuned! 🍿
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2025-02-04 14:28