Cardano Unlocks XRP,RLUSD for Next-Gen DeFi

Charles Hoskinson, the founder of Cardano, discusses the potential for decentralized finance (DeFi) with XRP

Quick overview

  • Charles Hoskinson discusses the potential for decentralized finance (DeFi) with XRP and the integration of Ripple's RLUSD stablecoin into the Cardano network.
  • He highlights the untapped potential of XRP's DeFi landscape and the benefits of combining tokenized real-world assets with digital assets.
  • Hoskinson emphasizes the importance of collaboration in the regulatory landscape and the role of stablecoins in DeFi ecosystems.
  • Cardano plans to enhance XRP's DeFi infrastructure and is willing to integrate RLUSD at no cost, signaling a shift towards collaboration between the two communities.

Live ADA/USD Chart

ADA/USD
0.0000
MARKETS TREND
TRADE ADA/USD

Charles Hoskinson, the founder of Cardano, discusses the potential for decentralized finance (DeFi) with XRP and the possible integration of Ripple’s RLUSD stablecoin into the Cardano network.

Hoskinson reviews the current state of XRP’s DeFi landscape in the first clip, noting that despite the large supply of XRP, there is still untapped potential. He adds that combining tokenized real-world assets (RWAs) with XRP and other digital assets could significantly boost total value locked (TVL) and transaction volumes across multiple blockchains.

Charles Hoskinson highlights the potential for collaboration in the current regulatory landscape, which now allows tokenized assets to play a role in decentralized finance (DeFi) ecosystems. He suggests that linking these assets with established cryptocurrencies such as ADA, XRP, and Bitcoin could serve as a foundation for ongoing market growth.

Charles Hoskinson announced that his team intends to contribute to the XRP infrastructure to enhance its presence in the decentralized finance (DeFi) space.

He highlighted the importance of stablecoins, stating, “We think XRP DeFi is very important.” Specifically, Hoskinson mentioned RLUSD and expressed a desire to find a way to integrate RLUSD with Cardano. As a gesture of goodwill toward the XRP community, Cardano has offered to conduct the integration at no cost.

Hoskinson noted that discussions about moving forward in a mutually beneficial manner are still ongoing.

His comments suggest that the Cardano ecosystem and Ripple-related projects may soon collaborate directly, marking a change from previous years when the two communities were more antagonistic.

ABOUT THE AUTHOR See More
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks the financial markets with over 15 years of working experience in investment trading.

Related Articles

HFM

Doo Prime

XM

Best Forex Brokers