Stablecoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/charles-hoskinson-commends-ripples-rlusd-stablecoin" data-wpel-link="internal" rel="noopener noreferrer nofollow">Charles Hoskinson Commends Ripple’s RLUSD Stablecoin</a><br></p>
<p style="text-align: justify">Charles Hoskinson, the visionary behind Cardano, has shared his thoughts on <a href="https://en.bitcoinhaber.net/exploring-xrps-market-position-and-potential-for-a-bull-run" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple</a> Labs Inc.’s recent introduction of the RLUSD stablecoin. Following an official update from Ripple Labs’ X account, Hoskinson expressed his support by tweeting, “Well done, Ripple!”</p>
<h2 id="what-is-the-current-state-of-stablecoins">What is the Current State of Stablecoins?</h2>
<p style="text-align: justify">In the cryptocurrency realm, there are roughly 195 stablecoins tethered to the US Dollar and other reserves. <a href="https://en.bitcoinhaber.net/tether-unleashes-enhanced-security-tool-for-stablecoin-recovery" data-wpel-link="internal" rel="noopener noreferrer nofollow">Tether</a> (USDT) and Circle (USDC) dominate, commanding over 85% of the total stablecoin market, valued at more than $212 billion. Despite this substantial control, Ripple Labs is determined to carve out its own niche in this competitive landscape.</p>
<h2 id="is-collaboration-between-cardano-and-ripple-possible">Is Collaboration Between Cardano and Ripple Possible?</h2>
<p style="text-align: justify">Ripple Labs has successfully beta-tested the RLUSD stablecoin on both the <a href="https://en.bitcoinhaber.net/xrps-critical-support-and-whale-accumulation-signal-potential-recovery" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> Ledger (XRPL) and Ethereum networks. While there is no definitive timeline for broader deployment, whispers of a potential Cardano integration have emerged.</p>
<p style="text-align: justify">Historically, Hoskinson and the XRP community have experienced friction, yet recent interactions suggest a thawing of relations. Notably, Hoskinson and Ripple’s CTO, David Schwartz, engaged in discussions regarding the Midnight Network and XRP last November.</p>
<ul>
 <li>RLUSD aims to increase competition within the stablecoin market.</li>
 <li>Support from industry leaders may bolster RLUSD’s market entry.</li>
 <li>Future collaborations could enhance opportunities for both Cardano and Ripple.</li>
</ul>
<p style="text-align: justify">The launch of Ripple Labs’ RLUSD, supported by Cardano’s founder, positions the new stablecoin for a promising debut in the crypto arena. Its performance against established competitors will crucially influence its ultimate success.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/charles-hoskinson-commends-ripples-rlusd-stablecoin" data-wpel-link="internal" rel="noopener noreferrer nofollow">Charles Hoskinson Commends Ripple’s RLUSD Stablecoin</a></h5>

Charles Hoskinson Commends Ripple’s RLUSD Stablecoin

Table of Contents

BH NEWS

Other articles published on Dec 17, 2024

‘No to CBDC, yes to Bitcoin’ — European MP calls for EU BTC reserve

Expert Now Predicts Shiba Inu Is About To Surpass Its All-Time High

Back-to-Back Wells Notices: SEC Targets CyberKongz After Unicoin

The Founder of This Altcoin Purchased a Lot of His Own Altcoin! Here Are the Details

BDTCOIN: The Gold-Backed Crypto Investment with 100x Potential | Stable Crypto Asset

Floki Expands Presence in UAE as Sponsor of the 2024 World Tennis League

Join our free newsletter for daily crypto updates!