Charles Hoskinson, founder of Cardano, has announced his willingness to integrate Ripple's stablecoin RLUSD into the Cardano ecosystem at no cost. This proposal could significantly influence the development of decentralized finance (DeFi) within the Cardano network.
Hoskinson's Integration Proposal for RLUSD
In a video shared by crypto analyst Merlijn The Trader, Hoskinson stated that Cardano aims to integrate RLUSD, a move that surprised many, considering the historical tension between the XRP and Cardano communities.
"We would like to find a path to bring RLUSD on Cardano. We will do the integration for free because we like the XRP community."
Significance of RLUSD Integration
RLUSD, launched in December 2024, is fully backed by U.S. dollar reserves. Designed to meet institutional compliance requirements and retail usability, integrating RLUSD into the Cardano ecosystem would provide access to reliable liquidity, allowing users to participate in lending and decentralized trading without leaving the Cardano network.
Prospects for Integration
If realized, this integration could lead Cardano to witness an influx of liquidity providers and an increase in Total Value Locked (TVL). Merlijn The Trader emphasizes that successful integration could attract new participants and create competitive conditions for Cardano against other DeFi ecosystems. "If this gets executed… LPs flood in, TVL spikes," he noted.
The proposal to integrate RLUSD into Cardano opens new horizons for both projects and could signal the start of a new era in decentralized finance. The Cardano and XRP communities stand on the verge of significant changes within their ecosystem.
