Hoskinson updates XRP integration into Cardano

The founder of Cardano, Charles Hoskinson has released fresh developments regarding the possible integration of XRP and other Ripple-associated assets on the Cardano network. This update was a direct response to a user who inquired on the inclusion of RealUSD (RLUSD) on Cardano.

Hoskinson Hints at Comprehensive XRP Integration Package

Hoskinson responded by highlighting a larger package that includes XRP DeFi features and more. He said there is a full XRP package in the works. This includes support for the Lace wallet, the glacier drops, XRP DeFi, and RealUSD discussions. While he didn’t give a timeline, his message confirms serious talks are happening.

The mention of RLUSD, a stablecoin linked to Ripple, is especially interesting. The Cardano community has been watching closely for signs of when RLUSD might go live on Cardano.

The response given by Hoskinson hints that RLUSD is not the only digital asset that might be included on the Cardano. Rather, it appears to be part of a wider action that also entails the integration of other Ripple-related assets.

The less familiar term is a glacier drop, which may suggest an airdrop or rollout plan. Glacier drops usually imply a slow and strategic release of tokens or features. If that’s the case, users might expect staged releases tied to milestones.

Cardano Eyes XRP Integration and Stablecoin Expansion to Boost DeFi Growth

Lace wallet support is also part of the plan. The Lace wallet is Cardano’s official wallet with a focus on user experience. Integrating XRP support into Lace would make it easier for people to hold and use Ripple-based assets on Cardano.

The DeFi mention is just as important. XRP has not historically been a major part of DeFi ecosystems. Nonetheless, integration of XRP liquidity into the Cardano smart contract functionality can provide new opportunities. That would influence lending, borrowing, and other DeFi services which would be facilitated by XRP and RLUSD.

The response of Hoskinson does not confirm final decisions. However, it is proof that Cardano desires to partner with other networks, offer support for stablecoins, and expand its DeFi presence.

Also, Cardano has a chance to provide an integrated experience by providing a package of RealUSD, XRP DeFi, support for multiple wallet functions and offering potential airdrops.

This will attract new users and developers into the network. If successful, it will enable this blockchain to shine in a space that has become ever more competitive.

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Paul

Paul Adedoyin is an experienced crypto journalist who provides timely news, in-depth research, and insightful content to inform and empower his audience. He can be reached via [email protected]

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