Ripple and Cardano Explore Partnership: RLUSD and XRP in the Cardano Ecosystem

• RLUSD may integrate with Cardano, expanding its impact on the market.
• Midnight could offer additional privacy to the XRP ecosystem.
• Ripple-Cardano collaboration could innovate in DeFi and smart contracts.

Cardano co-founder Charles Hoskinson has revealed details about a possible collaboration with Ripple, which may integrate XRP and RLUSD into the Cardano ecosystem. During an interview on Cardano-focused channel Big Pey, Hoskinson mentioned recent conversations with Ripple executives Brad Garlinghouse and David Schwartz, highlighting the possibility of overcoming old rivalries and working on joint projects.

BREAKING: #Cardano $ ISLANDS Founder Charles Hoskinson says "we had technical and business discussions with David Schwartz and Brad Garlinghouse. #RLUSD is a major win for #XRP . I want $RLUSD to succeed on $ Xrp . Part of the discussion was to see if we can bring RLUSD to Cardano." pic.twitter.com/gxiScOYVHA

— Angry Crypto Show (@angrycryptoshow) December 8, 2024

One of the main focuses of the collaboration would be the integration of XRP into Cardano’s privacy-focused Midnight sidechain. Midnight operates on a dual-token model, with NIGHT for transactions and DUST for governance. Hoskinson noted that adding XRP to Midnight could expand its utility, making it the sidechain’s third native token. He also noted that Ripple’s stablecoin RLUSD could play an important role in strengthening the Cardano ecosystem.

RLUSD has been gaining attention for its ability to reduce volatility in XRP transactions, making them more efficient and predictable. Although its launch has been delayed due to pending approval from the New York Department of Financial Services (NYDFS), the market remains optimistic about the impact this stablecoin will have on expanding XRP usage. Hoskinson indicated that following RLUSD’s initial launch on the XRP Ledger (XRPL) and Ethereum, there is interest in expanding its implementation to the Cardano ecosystem.

Another aspect discussed was the possible use of Marlowe, Cardano’s open-source tool for creating smart contracts, in projects involving XRP and RLUSD. Hoskinson mentioned that these technologies could benefit more from Marlowe than from the ADA token, given the functional alignment of the tools with Ripple’s needs.

At the time of publishing this article, Cardano was trading at $1,12 and has fallen 5.6% in the last 24 hours.

The collaboration between Ripple and Cardano could mark a new chapter in the cryptocurrency industry, fostering innovations that combine privacy, stability and interoperability. The initiative reflects a larger movement in the industry to overcome divisions and create synergies that drive global adoption of blockchain-based technologies.