Cardano founder Charles Hoskinson has some news on his team’s latest discussions with Ripple when it comes to integrating with RLUSD, a new stable coin launched by Ripple. Cardano has been advised by Ripple to wait until March before any action is taken as their talks are ongoing. Ripple achieved this at the end of a lengthy period of working with the New York Department of Financial Services (NYDFS).
Hoskinson revealed in an AMA session that he spoke to Ripple executives David Schwartz and Brad Garlinghouse. In his opinion, adding RLUSD to Cardano’s blockchain has a strong chance but he will have to wait for further discussions. According to him, “We’ll see if there’s a roadmap and how they’ll get that done.”
At the same time, the crypto market has been struggling. In 24 hours, 19% has dropped and 23% in a week. It still performs better than other leading cryptocurrencies such as Dogecoin, Solana and Binance Coin (BNB). According to Hoskinson, the recent excitement over Donald Trump’s presidency led people to have unrealistically high expectations of Bitcoin causing the overheating of the market.
Hoskinson foresees greater government use of blockchain technology for voting and identity management, which he looks forward to. He even suggested that the U.S. government should even have a Bitcoin reserve, backed by Cardano, as Cardano helps build decentralized finance (DeFi) solutions.
This remains to be seen, but Cardano supporters will have to wait until March to learn whether or not RLUSD is headed for the Cardano ecosystem.
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