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Cryptocurrency News Articles

Charles Hoskinson Plans for Cardano This Year May Soon Count Terra Luna Classic as a Partner

Jan 19, 2025 at 04:39 am

The Terra Luna Classic ecosystem may soon count Cardano as one of its partners, judging by the leading post from Charles Hoskinson on X.

Cardano founder Charles Hoskinson has expressed interest in exploring a partnership between Cardano (ADA) and Terra Luna Classic (LUNC). In a recent X post, Hoskinson outlined his plans for Cardano this year, which include three main focus areas:

Bitcoin DeFi on Cardano: According to Hoskinson, this is a significant opportunity as Bitcoin has four times the liquidity of Ethereum and Solana combined.24/7 scalability, including Leios: This will involve exploring new integration possibilities to "make Cardano a peninsula, not an island." This will include a meeting with the Chainlink team and a definitive push for stablecoins afterward.

Highlighting the importance of stablecoins, Hoskinson previously commended the RLUSD stablecoin upon its launch, hinting at potential integration possibilities. This has caught the attention of Terra Luna Classic validators, who are keen on exploring how Cardano can contribute to the LUNC ecosystem, particularly in the realm of algorithmic stablecoins.

Terra Luna Classic validators have been working on the USTC algorithmic stablecoin since 2022, and any potential partnership with Cardano could revolve around integrating USTC into the Cardano ecosystem. This would align with Hoskinson's focus on stablecoins and his desire to expand Cardano's interoperability capabilities.

As the conversations are still confined to social media, it remains to be seen how these discussions will unfold and whether any formal partnership will be established between Cardano and Terra Luna Classic.

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