Cardano Founder Working on RLUSD Integration

Anna Martynova

Cardano founder Charles HOSKINSON has revealed that his team is in talks with enterprise blockchain company Ripple to integrate the Ripple USD (RLUSD) stablecoin. This comes amid social media speculation about Cardano’s failure to integrate popular stablecoins like USDC. The Switzerland-based Cardano Foundation had such an opportunity back in 2021, but a deal with USDC issuer Circle fell through, according to Hoskinson.

The RLUSD stablecoin, which launched last month, has already gained traction, appearing on exchanges like Bitstamp and Bullish. Ripple President Monica LONG recently said that more exchange listings are expected in the near future. Hoskinson has repeatedly praised the RLUSD team, claiming that they are “smart professionals.” However, it is unclear whether there is a path for the stablecoin to be integrated into the Cardano blockchain.

The much-hyped stablecoin is currently available on Ethereum and the XRP Ledger, but Ripple has previously stated that the product will be supported by more blockchains in the future. Hoskinson noted that if there is a reasonable path for RLUSD to be integrated, he would try to do so as a gift to the ecosystem. He emphasized that Cardano needs a robust stablecoin ecosystem from USDM and Djed to RLUSD.

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