Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Charles Hoskinson says he wants to bring Ripple’s RLUSD to Cardano

Source Cryptopolitan

Charles Hoskinson, the founder of Cardano and one of the most talked-about figures in crypto, says he’s ready to bring Ripple’s RLUSD stablecoin into his ecosystem.

This came out during an interview with Big Pey, a Cardano-focused YouTube channel, where he talked about meetings with Ripple execs Brad Garlinghouse and David Schwartz. After years of being at each other’s throats, the two camps might finally be working together.

RLUSD, which is set to launch on the XRP Ledger (XRPL) and Ethereum after approval from the New York Department of Financial Services (NYDFS), could eventually be deployed on Cardano.

Here's my interview with @bigpeyYT https://t.co/ZB1slJNaju

— Charles Hoskinson (@IOHK_Charles) December 8, 2024

RLUSD and Cardano’s potential

Charles wants RLUSD to find a home on Midnight, a privacy-focused sidechain within the Cardano network. Midnight runs on a dual-token model with NIGHT for transactions and DUST for governance and staking. Charles envisions RLUSD becoming an alternative currency on the sidechain, alongside XRP.

“It makes sense to bring XRP into the Midnight story,” he said, adding that RLUSD could strengthen the privacy and functionality of Midnight’s ecosystem. Charles believes RLUSD and XRP would enhance its appeal to developers and users alike.

Midnight’s dual-token system already covers transactions and governance, but RLUSD could bring stability to its financial infrastructure.

Marlowe, Cardano’s open-source toolkit for creating smart contracts, might also play a role in this collaboration. Charles suggested that XRP and RLUSD could benefit more from Marlowe than Cardano’s native ADA token ever has.

According to him, its tools align perfectly with the functionality Ripple’s ecosystem requires. Charles pointed out that RLUSD could expand its use cases through Marlowe’s features, making it a more versatile asset. He called the integration “a no-brainer.”

A history of beef

Charles and Ripple’s community haven’t exactly been best friends. In fact, he’s gone as far as calling XRP supporters “trolls” in the past. The Ripple vs. SEC legal drama only made things worse, with Charles taking jabs at Ripple’s fans during the height of the case.

But last month, something changed. As we reported, Charles issued a public apology to the XRP community, admitting that the crypto industry’s infighting was counterproductive. “We all need to move forward,” he said. This opened the door to a more constructive relationship, leading to his recent discussions with Ripple’s leadership.

Let’s not forget who we’re dealing with here. Charles is no stranger to drama. His early days at Ethereum ended with a bitter split from Vitalik Buterin over governance. Charles wanted Ethereum to go for-profit, while Vitalik insisted on a non-profit model.

The fallout led Charles to create Cardano, which he marketed as a superior blockchain with decentralized governance. He’s spent years criticizing Ethereum, calling its governance a “dictatorship” under Vitalik’s control.

But now, Charles wants to see an end to what he’s called “petty tribalism” in crypto. “We have a window to grow this market into the trillions,” he said.

Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

The Fed will sit still on October 28 — but 100 of 100 economists now expect a December hike A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Author Irene Q.

Oct 22, Thu

A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Big Tech's $800 billion AI bill faces its first real test — free cash flow is the judge Alphabet and Microsoft report after the close on October 28, Amazon on October 29, with hyperscaler AI capex running near $800 billion a year. Meta's negative free cash flow and 9.40% drop on October 22 was the warning; this week's prints decide whether cloud growth and backlog can pay for the buildout. Here are the consensus numbers, the free-cash-flow table and the two-sided test.

Author Irene Q.

Oct 26, Mon

Alphabet and Microsoft report after the close on October 28, Amazon on October 29, with hyperscaler AI capex running near $800 billion a year. Meta's negative free cash flow and 9.40% drop on October 22 was the warning; this week's prints decide whether cloud growth and backlog can pay for the buildout. Here are the consensus numbers, the free-cash-flow table and the two-sided test.

Anthropic files for a $2 trillion IPO — the $80.7 billion loss is the decoy, the $450 billion compute bill is the risk Anthropic publicly filed its S-1 on October 26, revealing $16.29 billion of first-half revenue (+1,304% year over year) and a $80.7 billion net loss — of which $72.4 billion is a non-cash convertible-note charge. The real number is the $450 billion of signed, mostly non-cancelable compute commitments. Here is what the filing says, why NVDA, ARM and MU are the tradeable read-through, and the conditions that decide whether the AI trade passes its first public valuation test.

Author Irene Q.

Oct 27, Tue

Anthropic publicly filed its S-1 on October 26, revealing $16.29 billion of first-half revenue (+1,304% year over year) and a $80.7 billion net loss — of which $72.4 billion is a non-cash convertible-note charge. The real number is the $450 billion of signed, mostly non-cancelable compute commitments. Here is what the filing says, why NVDA, ARM and MU are the tradeable read-through, and the conditions that decide whether the AI trade passes its first public valuation test.

Fed October Rate Decision Preview: Rate Hike Pause Has Become Consensus, How Will US Stocks, Dollar, and Gold React?The Federal Reserve will announce its October interest rate decision at 14:00 Eastern Time on October 28, and Fed Chair Warsh will hold a press conference at 14:30. Markets currently wide

Author TradingKey

Oct 27, Tue

The Federal Reserve will announce its October interest rate decision at 14:00 Eastern Time on October 28, and Fed Chair Warsh will hold a press conference at 14:30. Markets currently wide

Brent's $115 front month sits $4.6 above January — the $14 spread to WTI is the supply-risk premium December Brent trades at $115.29 while January is $110.71, a $4.58 backwardation. The December Brent-WTI spread is $14.2, versus a $3-5 normal. That gap, not the headline, is where the Middle East supply risk is priced. Here is what the curve says, why the December contract's expiry on October 30 will mechanically cut the headline by $4.6, and the 108.81 neckline that decides the next move.

Author Irene Q.

20 hours ago

December Brent trades at $115.29 while January is $110.71, a $4.58 backwardation. The December Brent-WTI spread is $14.2, versus a $3-5 normal. That gap, not the headline, is where the Middle East supply risk is priced. Here is what the curve says, why the December contract's expiry on October 30 will mechanically cut the headline by $4.6, and the 108.81 neckline that decides the next move.

Popular Symbols