TL;DR

Rumors of a collaboration between Ripple and Cardano have intensified, fueled by discussions between their leaders. The main focus is the potential integrating of Ripples stablecoin RLUSD into Cardanos ecosystem.

The Partnership Seems More Likely

The past few months have been rife with rumors about a possible collaboration between Ripple and Cardano. It all started in mid-November when Charles Hoskinson (Cardanos founder) had a conversation with Brad Garlinghouse (Ripples chief executive officer). It remained unclear what they discussed, but the former described the latter as a great CEO, adding that he is extremely collaborative. 

Garlinghouse appreciated the kind words, saying, Now is the time for the crypto community to come together, push for a level playing field and clear rules of the road.

A week later, the speculation about a possible partnership increased after Hoskinson held another conversation with someone from Ripples management team: the CTO, David Schwartz. Cardanos founder said the subject of the conversation was the privacy-focused sidechain Midnight and XRP. For his part, Schwartz stated, It was a pleasure talking to Hoskinson.

Most recently, Cardanos founder took part in a heated discussion on the social media platform X. One user wondered if Cardano would consider integrating Ripples stablecoin RLUSD into its ecosystem. Hoskinson said the product seems the right choice, and the blockchain would embrace it if there is a reasonable path. 

Weve already had a call with the RLUSD people. We are actively talking, he added.

RLUSDs Progress

Ripples stablecoin officially saw the light of day approximately a month ago after receiving the necessary approval from the New York Department of Financial Services (NYDFS).

The product, pegged 1:1 to the American dollar, triggered huge excitement in the space and was embraced by some leading crypto exchanges. Upon launch, Uphold, Bitso, Moonpay, CoinMENA, Bullish, and others added trading services with RLUSD.

Last week, Ripples president, Monica Long, said people should expect such a move from other well-known platforms imminently. Just a day later, the Luxembourg-based Bitstamp added the trading pairs: RLUSD/EUR, RLUSD/USD, RLUSD/USDT, RLUSD/BTC, RLUSD/ETH, and RLUSD/XRP.

Despite the announced support, the company emphasized the need for caution, advising that the stablecoin carries significant risks and may not be appropriate for all investors.

Dont invest unless youre prepared to lose all the money you invest, it warned.