Ripple-Cardano partnership? Hoskinson reveals active discussions

TL;DR

Rumors of a collaboration between Ripple and Cardano have intensified, fueled by discussions between their leaders. The main focus is the potential integration of Ripple’s RLUSD stablecoin into the Cardano ecosystem. The association seems more likely

The past few months have been full of rumors about a possible collaboration between Ripple and Cardano. It all started in mid-November when Charles Hoskinson (founder of Cardano) had a conversation with Brad Garlinghouse (CEO of Ripple). It was unclear what they discussed, but the former described the latter as “a great CEO,” adding that he is “extremely collaborative.”

Garlinghouse thanked the kind words and said, “Now is the time for the crypto community to come together, push for a level playing field and clear rules of the road.”

A week later, speculation about a possible partnership increased after Hoskinson had another conversation with someone on Ripple’s management team: CTO David Schwartz. Cardano’s founder said the topic of the conversation was the privacy-focused Midnight and XRP sidechain. For his part, Schwartz stated, “It was a pleasure” to speak with Hoskinson.

More recently, Cardano’s founder engaged in a heated discussion on social media platform X. One user questioned whether Cardano would consider integrating Ripple’s RLUSD stablecoin into its ecosystem. Hoskinson said the product seems like the right choice and that the blockchain would accept it if there is “a reasonable path.”

“We’ve already had a call with the RLUSD people. We are actively talking,” he added.

RLUSD progress

Ripple’s stablecoin officially saw the light of day about a month ago after receiving the necessary approval from the New York Department of Financial Services (NYDFS).

The product, pegged 1:1 to the US dollar, caused quite a stir in the space and was accepted by some leading crypto exchanges. After launch, Uphold, Bitso, Moonpay, CoinMENA, Bullish and others added trading services with RLUSD.

Last week, Ripple president Monica Long said that people should expect such a move from other well-known platforms “imminently”. Just a day later, Luxembourg-based Bitstamp added the trading pairs: RLUSD/EUR, RLUSD/USD, RLUSD/USDT, RLUSD/BTC, RLUSD/ETH and RLUSD/XRP.

Despite the announced support, the company emphasized the need for caution, advising that the stablecoin carries significant risks and may not be suitable for all investors.

“Don’t invest unless you are prepared to lose all the money you invest,” he warned.

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