Cardano Founder Charles Hoskinson Confirms Talks with Ripple to Integrate Their New Stablecoin 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.

Cardano founder Charles Hoskinson has confirmed that talks are underway with Ripple regarding the integration of the company’s stablecoin, RLUSD, into the Cardano ecosystem.

This marks a significant development in the collaboration between two of the leading players in the cryptocurrency space.

Launched just a month ago, RLUSD has already gained substantial traction in the crypto world. It is notably the first stablecoin to receive approval from the New York Department of Financial Services (NYDFS). The stablecoin is pegged 1:1 to the US dollar, and its rapid adoption has seen it paired with other coins on major crypto exchange platforms.

After its listing on Uphold, Bitso, and CoinMENA last week, one of the largest European BTC markets, Bitstamp, added RLUSD to its platform.

Given the widespread use of stablecoins in crypto markets over the past year, Ripple’s offering of a stablecoin is timely.

The total market capitalization of all stablecoins has surged to over $130 billion as they are used extensively in trading, remittances, and as collateral in the DeFi markets.

Among the newly launched and backed by Ripple, and having received NYDFS approval, RLUSD seems to have secured its place in this budding sector. Backed by Ripple, RLUSD is poised to become a key player in this growing space.

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.

Ripple’s Growing Footprint in the Stablecoin Market

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 more exchange listings for  RLUSD and the ongoing expectations for the steady use of the stablecoin.