All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- Cardano may integrate RLUSD stablecoin soon, per a new update from Charles Hoskinson.
- The Ripple ecosystem may also integrate Cardano’s Midnight, showing mutual alliance.
Cardano Founder Charles Hoskinson recently revealed that his team has discussed a possible integration with its newly launched stablecoin, RLUSD, with Ripple Labs Inc. Cardano’s potential integration with RLUSD, if achieved, is seen as a game-changer for the blockchain’s native asset, ADA.
Cardano’s Potential Integration With RLUSD
Hoskinson’s RLUSD reveal comes amid conversations on social media regarding Cardano’s inability to integrate well-known stablecoins like Circle’s USDC. In 2021, the Cardano Foundation was tasked with advancing Cardano. The outfit could have integrated with Circle’s USDC with $3 million at the time.
However, Hoskinon noted that the deal did not pull through. He criticized the Cardano Foundation for financing these ecosystem projects.
He stated that Cardano needs a solid stablecoin ecosystem from USDM and Djed to RLUSD. Notably, RLUSD, which debuted last month, has gained popularity, as evidenced by its listings on exchanges like Bitstamp and Bullish.
Jane, we’ve already had a call with the RLUSD people. We are actively talking
— Charles Hoskinson (@IOHK_Charles) January 13, 2025
Per a CNF report, Ripple President Monica Long recently announced an imminent RLSUD launch on Coinbase. She added that more exchange listings are on the horizon. Currently, RLUSD has a 24-hour trading volume of $79.8 million with a market cap of $53 million. It also maintains a $1 price with a ranking of 2983 on the CoinMarketCap list.
Furthermore, RLUSD recently clinched a new milestone, surpassing the trading volume of PayPal USD and Euro Coin. As CNF updated, RLUSD recently achieved a daily trading volume of $34.7 million, eclipsing PYUSD’s $19.7 million and EURC’s $12.4 million.
This leap emphasizes RLUSD’s widespread adoption in traditional banking and the Decentralized Finance (DeFi) sector.
A Game-Changer for ADA
Hoskinson has repeatedly commended the RLUSD team, calling them “smart professionals.” The Cardano founder also highlighted Ripple’s stability as it continues to wage legal fights with the US Securities and Exchange Commission (SEC).
Nevertheless, it is still not known whether there is a path to integrate RLUSD into the Cardano blockchain. The stablecoin is only available on Ethereum and the XRP Ledger (XRPL). However, Ripple had previously promised that additional blockchains would eventually support the product.
Also, Hoskinson earlier confirmed a possible collaboration between Cardano and Ripple. He expressed confidence in the prospects for the RLUSD stablecoin to enhance the growth of the Cardano ecosystem.
He added that Ripple may join Cardano’s Midnight ecosystem as well. Midnight is a privacy-focused sidechain that enhances secure transactions and data privacy.
According to Hoskinson, incorporating RLUSD onto the Cardano Midnight sidechain may help both networks with scaling and cross-chain communication and increased adoption. This integration could improve financial stability and increase the adoption of Cardano.
With RLUSD facilitating smoother transactions, ADA’s exposure is expected to grow substantially. This could drive up the demand for and price of ADA. As of this writing, ADA price was trading at $0.92, down 7% in the last 24 hours.
