Charles Hoskinson hints at a Ripple-Cardano partnership

Charles Hoskinson has intensified chatter that Cardano might add Ripple’s stablecoin, RLUSD, to its platform. He mentioned that Cardano’s team regularly talks with Ripple’s leaders about using RLUSD. 

The two crypto leaders have had some level of chemistry since last year. In fact, in November they exchanged kind words, while Brad Garlinghouse said, “Now is the time for the crypto community to come together, push for a level playing field and clear rules of the road.”

In addition, earlier this year, he stated, “We’ve already had a call with the RLUSD people. We are actively talking.”

He further made the industry pay attention when he said, “We talk to David Schwartz and Brad Garlinghouse. Strong possibility we can negotiate RLUSD. Ripple told us to wait till March as they just finished NYDFS. We’ll see if there’s a roadmap and how they’ll get that done.”

Something to note is that RLUSD recently reached a market value of $100 million. Charles Hoskinson indicated that big news might be announced next month.

Charles Hoskinson says February is going to be a crazy month for Cardano

Cardano’s founder has hinted that February will be a “very crazy” month for the crypto project. In his words, “February is going to be a very crazy month. You’ll see.”

In a video, Hoskinson mentioned that there are many interesting developments happening with the Cardano project, but he cannot share details at this time.

Still, there are some projects that he has brought to light. The first one was about working with Dominic Williams and ICP. He mentioned that they could talk about collaboration and working together.

Although he didn’t give a clear plan, he said, “It could be possible.”  He explained that ICP was upset about being left out because they were a top choice for Wyoming‘s blockchain plans, but they were unfairly left out. 

This is no surprise. He has always been firm about the importance of multi-chain connectivity. He believes the future of blockchain is “multi-chain.”  He thinks that Cardano can become much more valuable by collaborating with projects like ICP.

Other than joining RLUSD, Charles Hoskinson has another idea. He proposed a scenario in which the Cardano treasury could convert a percentage of its funds into a stablecoin, possibly using external managers to participate in Cardano‐native DeFi. 

He said that this method would create more stablecoins in the Cardano system. This would help increase the total value and liquidity. However, such action would need a wide discussion among the community and a voting process on the blockchain to get everyone’s agreement.

Also, Hoskinson described an ambition to merge Hydra, Cardano’s layer 2 scalability solution with the Lightning Network. This could possibly result in a “lightning‐Hydra synergy” that fosters greater cross‐chain functionality. He said, “Hydra continues to grow […] We’re exploring how to merge Hydra with the Lightning Network and create lightning‐Hydra so that that Bitcoin relationship strengthens.”

Next, he mentioned a private project, RealFi in Kenya. It is centered on microfinance lending using Cardano’s stablecoin system. He said this would introduce “real-world assets” and “actual microfinance products” to the blockchain. He asserted that this project will eventually include stablecoins and identification systems and will be built on the Cardano platform.

Finally, Hoskinson mentioned interest from Mongolia about potential partnerships. He said that people in Wyoming are talking about a stablecoin that is backed by gold. 

Cardano crashed after Charles Hoskinson’s video 

Cardano crashed over 30% hours after the founder spoke of the future projects. It hit a low not seen since November 10 at $0.506. 

Still, the price drop is not specific to ADA, as the broader crypto market has experienced a significant slump with the start of a Trump-initiated trade war over tariffs.

Nearly 460,000 crypto traders lost a total of $1.22 billion, with Ethereum suffering the largest loss of $258.85 million. Analysts believe that the markets did not fully appreciate the effects of global events.

ADA together with the broader crypto industry seems to be recovering. In the last 24 hours, the top ten coins by market cap have experienced a surge. ADA has seen a surge of 7.3% and now sits at $0.7602.

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