Cardano’s Founder Confirms Talks with Ripple: What’s Next for RLUSD?

Cardano founder, Charles Hoskinson, has confirmed that talks are underway with Ripple about integrating the company’s newly-launched stablecoin, RLUSD, into the Cardano ecosystem.

This marks a new chapter in the growing collaboration between two of the most recognized players in the crypto space.

RLUSD’s Rising Popularity

Launched just a month ago, RLUSD has already made waves in the crypto world. It is already approved by the New York Department of Financial Services (NYDFS). The stablecoin is pegged 1:1 to the US dollar and has rapidly gained adoption.

Since its launch, it has won the support of several leading crypto exchange platforms such as Uphold, Bitso, and CoinMENA. Last week, one of the biggest European BTC markets, Bitstamp, added RLUSD to its platform, pairing it with other coins.

Ripple’s offering of stablecoin is well timed given that the use of stablecoins in crypto markets over the past year has surged.

The market cap for all the stablecoins has risen beyond $130 billion. Reason being, they are used in trading, remittances, and as collateral for the DeFi markets.

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Among the newly launched and backed by Ripple, and having received NYDFS approval, RLUSD seems to have secured its place in this budding sector. RLUSD, with its backing from Ripple could stand out as a key player in this growing space.

Cardano Founder Confirmed Talks with Ripple

Hoskinson’s recent statements on social media have shed light on the ongoing conversations between Ripple and Cardano. Conversations are directed towards RLUSD’s potential integration.

On X (formerly Twitter), Hoskinson revealed on January 13, that Cardano has already had discussions with Ripple about the stablecoin. He emphasized the likelihood of future collaboration. “We’ve already had a call with the RLUSD people. We are actively talking,” Hoskinson stated.

This confirmation from Hoskinson comes after several meetings between Cardano and Ripple’s top management with CTO David Schwartz in November 2024.

In the past, Hoskinson commented on Ripple’s RLUSD being adopted in the Cardano ecosystem within the Midnight privacy sidechain.

However, when it comes to RLUSD, Hoskinson has been transparent that IOG, the parent company of Cardano, won’t fund such ecosystem projects.

He also made it clear that IOG’s private profits are not ‘the people’s money.’ He reiterated his position that funding for ecosystem growth via the blockchain must come from the people. This growth should be away from centralized corporations.

Hoskinson also praised the RLUSD team, referring to them as smart professionals. But he also expressed a cautious optimism about directly incorporating the stablecoin into Cardano.

“If there is a reasonable path to integrating RLUSD, I’ll try to cover it as a gift to the ecosystem,” Hoskinson said, signaling a willingness to work with Ripple if feasible.

RLUSD by Ripple is regulated by the NYDFS – one of the most significant authorities in the United States – adding more credibility.

Such a sanction means that RLUSD will be accepted widely and Ripple’s blockchain tech would become part of its economic infrastructure.

In her recent interview, Ripple President Monica Long revealed that more exchange listings for  RLUSD were forthcoming, and the ongoing expectations for the steady use of the stablecoin.