Cardano And Ripple Confirm Partnership Over RLUSD Integration

Charles Hoskinson has confirmed ongoing talks with Ripple about integrating the Ripple USD (RLUSD) stablecoin onto the Cardano blockchain.

Integration Details
Hoskinson revealed that his team is exploring the feasibility of adding RLUSD to Cardano (ADA), following past criticism over missed opportunities to adopt popular stablecoins like USDC.

The RLUSD stablecoin, launched last month, has already gained traction with listings on exchanges like Bitstamp and Bullish. Ripple President Monica Long has hinted at more exchange listings to come.

Community Reactions
The announcement has sparked excitement among both Cardano and Ripple communities, as stablecoins are crucial in DeFi, offering stability during market volatility. Integrating RLUSD could enhance Cardano significantly, attract new users, and increase competitiveness. However, the market response has been negative, with ADA dropping over 9% in the last 24 hours.

Regardless, Hoskinson praised the RLUSD team and stressed the importance of building a solid stablecoin ecosystem on Cardano, which already includes USDM and Djed. If successful, the RLUSD integration could strengthen Cardano while broadening its user base.