Ripple’s RLUSD Stablecoin May Soon Launch on Cardano
Cardano (ADA) is considering integrating the Ripple USD (RLUSD) stablecoin, with discussions already underway.
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Cardano founder Charles Hoskinson has revealed that the blockchain is in active talks to integrate Ripple USD (RLUSD). The announcement comes amid criticism from the Cardano community over the platform’s failure to adopt high-demand stablecoins and other key features. Hoskinson also disclosed that in 2021, the Cardano Foundation was in negotiations with Circle, the issuer of USDC, but the deal fell apart at the last moment.
We've already had a call with the RLUSD people. We are actively talking,
Hoskinson stated in response to criticism on social media platform X.
He also clarified that Input Output Global (IOG), the company responsible for Cardano’s development, cannot unilaterally make such decisions and will not allocate resources to these deals. Hoskinson accused the Cardano Foundation of obstructing various initiatives, which he claims has hindered the ecosystem’s growth.
Related: RLUSD Gearing Up for Listings
The RLUSD stablecoin has already launched on Ethereum and XRP Ledger. While Hoskinson has commended RLUSD’s development team and pledged to bring the token to Cardano, Ripple has been slow to expand RLUSD’s reach to other blockchains, leaving its future on Cardano uncertain.
The integration of RLUSD could mark a significant milestone for Cardano. Stablecoins with high liquidity are critical for boosting trading volume and attracting liquidity. A successful partnership could enhance Cardano’s ecosystem, bringing additional revenue, new users, and increased interest from Web3 developers.
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