Charles Hoskinson Claims Cardano Will Integrate Ripple's RLUSD Stablecoin
Cardano founder Charles Hoskinson confirmed today that the blockchain is considering integrating RLUSD, Ripple's new stablecoin.
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Cardano founder Charles Hoskinson confirmed today that the blockchain is considering integrating RLUSD, Ripple's new stablecoin.
Both XRP and Cardano (ADA) have found themselves on the receiving end due to heavy dumping by whales.
Bitcoin's fall below $90,000 is a negative sign, but the bulls are expected to vigorously defend the $85,000 level.
Cardano (ADA) showed strong resilience on Sunday, trading firmly despite difficulties that saw the ninth-largest crypto asset lose around 9% in the past week.
Charles Hoskinson, founder of Cardano, returns to the spotlight after responding to the criticisms of a former employee of Input Output Global (IOG). The discussion touched on key topics such as IOG's ADA holdings, the integration of stablecoin, and the future of the blockchain network.
TL;DR The crypto market loses momentum with drops of up to 9.35% in altcoins like Cardano, reflecting a generalized bearish trend. Bitcoin remains relatively stable with a 3.72% decline, maintaining a market cap of $1.8 trillion. Macroeconomic factors like a strong dollar, rising bond yields, and inflationary pressures are severely impacting risk assets.
The market seems unlikely to make a reversal, according to CoinStats.
The mid-range level at $0.98 has served as both support and resistance over the past six weeks.
Cardano (ADA) has shown some resilience, but the question remains: How soon before its price bounces from the recent lows? After a notable decline in value, ADA's future price action depends on several factors, including on-chain metrics, market sentiment, and broader crypto market trends.
The crypto markets are experiencing an extended bearish action as the bulls remain passive, not necessarily facing exhaustion after the latest rise. The pullback has wiped out the gains incurred in the past couple of days and may create a massive FUD among the market participants.
TL;DR Cardano founder Charles Hoskinson confirms discussions with Ripple to integrate the RLUSD stablecoin onto the Cardano blockchain. The RLUSD stablecoin, launched last month, has gained traction with listings on exchanges like Bitstamp and Bullish, with more expected soon.
Cardano founder Charles Hoskinson defended IOG's ADA holdings and development decisions while revealing a previously declined $3 million USDC integration deal, as the network continues work on technical improvements including BitcoinOS integration and the Midnight scaling project.
Cardano's price has dropped 13% over the past week, reducing the number of ADA coins held in profit. On-chain data reveals that Cardano's total supply in profit has decreased by 3.55 billion ADA within seven days.
FC Barcelona has tapped blockchain to improve fan engagement with benefits such as NFT incentives, crypto rewards, education, and job opportunities. Though announced in December last year via LinkedIn, the collaboration between Cardano and Barcelona gained traction over the weekend with increased conversations by Crypto Twitter (the crypto community on the X social media site).
Cardano founder Charles Hoskinson has revealed that his team is having discussions with enterprise blockchain company Ripple regarding the integration of the Ripple USD (RLUSD) stablecoin. "We are actively talking," he said in a recent post.
Cardano was in a slow and steady decline Sunday as founder Charles Hoskinson took to X to defend Input Output Global (IOG), the blockchain research and engineering firm, against criticism over its ADA holdings and the network's adoption efforts.
The overall cryptocurrency market seems confusing due to the significant price fluctuations in the past few days. Amid this market uncertainty, crypto whales appear to be accumulating Cardano (ADA) tokens, as reported by a prominent crypto expert on X (formerly Twitter).
On Jan.9, the Cardano Foundation and FC Barcelona announced a partnership as part of the Barça Vision program, aimed at modernizing the club's interaction with supporters. This collaboration leverages shared values of community participation and decentralized governance.
Pro-crypto policies, increased adoption, and strategic reserves are expected to fuel 2025's bull run. This optimism, coupled with the AI-driven revolution, has savvy investors looking for opportunities beyond Bitcoin and major altcoins. AI meme coins are redefining the crypto space, and iDEGEN is emerging as a “Bitcoin equivalent”.
Shiba Inu's lead developer, Shytoshi Kusama, has praised the success of Shibarium, the layer-2 blockchain network powering the Shiba Inu ecosystem.
Cardano founder Charles Hoskinson recently took to the X social media network to clarify that Input Output Global, the blockchain research and engineering company behind the popular proof-of-stake blockchain, will not contribute its ADA holdings to fund the integation of Circle's USDC stablecoin.
Cardano is consolidating within a critical price range, signaling a phase of market indecision. However, a substantial support zone at lower levels offers the potential for a bullish rebound, especially if a breakout materializes in the coming sessions.
The issue of stablecoin integration has long been a point of contention within the Cardano (ADA) community. Despite the growing influence of USDC and USDT on other blockchains, Cardano has yet to secure major partnerships with these stablecoins.
Cardano is now among the best-performing assets in the cryptocurrency market after regaining the crucial $1 threshold. For ADA, the move represents a major turning point after weeks of consolidation below this level.