YEREVAN (CoinChapter.com) — Charles Hoskinson, the founder of Cardano, shared insights into his ongoing discussions with Ripple. Specifically, he emphasized the potential of Ripple USD (RLUSD) as a multi-chain asset, which he described as a major achievement for the XRP ecosystem.
Furthermore, Hoskinson revealed that his talks with David Schwartz, Ripple CTO, and Brad Garlinghouse focused on exploring technical and business opportunities. These discussions, in particular, centered around RLUSD’s possible integration into Cardano’s blockchain, highlighting the mutual benefits for both ecosystems.
According to Hoskinson, these discussions are part of a broader effort to support RLUSD’s success, which he described as crucial for the XRP ecosystem. He acknowledged the mutual benefits of making RLUSD accessible across multiple blockchain platforms, including Cardano.
Charles Hoskinson Highlights Cardano’s Governance Advancements for RLUSD Integration
Cardano’s decentralized governance advancements make it a strong candidate for hosting RLUSD. With the Voltaire era launched on Sep. 1, Cardano introduced a governance model involving D-Reps, a Constitutional Committee, and stake pool operators. This structure aims to distribute decision-making responsibilities effectively.
The recent Cardano constitutional convention, held in Argentina and Kenya, gathered 63 delegates from 50 countries. Participants debated and ratified a constitution to guide the blockchain’s governance. This convention highlights Cardano’s readiness to support complex collaborations like RLUSD.
Cardano Constitutional Convention 2024. Source: Cardano.orgAdditionally, Cardano’s on-chain treasury holds approximately $2 billion, providing financial resources to back its governance and development initiatives.
RLUSD’s Multi-Chain Expansion
Ripple’s RLUSD stablecoin is designed to improve liquidity within the XRP ecosystem. Expanding it to other blockchains could enhance its adoption and usability. Charles Hoskinson has indicated support for making RLUSD a multi-chain asset, aligning with Cardano’s goals of decentralization, scalability, and security.
Integrating RLUSD with Cardano’s infrastructure could enhance the stablecoin’s reach while highlighting the advantages of interoperable blockchain ecosystems.
Cardano’s Expanding Vision: Privacy Solutions and Metaverse Innovations
During the interview, Charles Hoskinson explored topics beyond the potential integration of Ripple USD (RLUSD) with Cardano, offering deeper insights into the network’s evolving vision. He discussed Midnight, a project focused on introducing a privacy layer for smart contracts, enabling selective disclosure.
This initiative aims to address compliance requirements for real-world assets while safeguarding user confidentiality, making Cardano attractive to institutional participants seeking secure solutions for sensitive data.
Hoskinson also outlined his vision for a metaverse game, leveraging advanced technologies such as brainwave mining, quantum random number generators, and DishBrain computing. These innovations aim to create immersive gaming experiences by enhancing NPC behaviors and interactivity, expanding Cardano’s use cases beyond blockchain finance.
