Cardano’s founder, **Charles Hoskinson**, approves of Ripple’s potential acquisition of Circle, believing it could disrupt the crypto industry’s closed ecosystem. He sees this move as a positive step that could create new opportunities for projects like Cardano and XRP DeFi.
During a recent Ask Me Anything (AMA) session, Hoskinson addressed the circulating rumors about Ripple’s interest in acquiring the stablecoin giant, Circle. He views this possible acquisition as a necessary change that could benefit the cryptocurrency market.
Hoskinson commented, “I think it would make the space better. There’s this Coinbase-A16Z-Circle mafia where they’ve built an ecosystem that’s self-serving. If you’re outside it, you get blacklisted — it’s hard to get listed, hard to get liquidity, and hard to access stablecoins.”
By involving Ripple more deeply in the stablecoin sector, Hoskinson believes that the deal could disrupt the existing monopoly and pave the way for new and diverse projects. He even suggested that Ripple might be a more reliable custodian for crypto assets compared to current industry giants.
**Cardano** is exploring the integration of RLUSD into its network through Midnight. However, if Ripple acquires Circle, it could impact RLUSD’s plans. Hoskinson expressed a positive view of the Ripple community and mentioned the possibility of integrating RLUSD into Cardano for free. Both teams are working together to finalize the details.
Hoskinson emphasized the potential of Midnight as an ideal platform for integrating RLUSD due to its seamless connection with Ethereum tools and a trustless bridge to Cardano. This integration would make RLUSD feel like a native Cardano application. Additionally, Midnight supports private stablecoins, adding further value to the collaboration.
Hoskinson’s endorsement of Ripple and the offer to integrate RLUSD for free underscores Cardano’s commitment to fostering an open and competitive crypto environment. As discussions about the acquisition progress, the focus shifts to Ripple and Circle, raising questions about the future of DeFi.
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