- Charles Hoskinson confirms a meetup with Ripple CEO Brad Garlinghouse days after apologizing to the XRP community and hinting at a potential collaboration.
- Hoskinson believes that Ripple’s upcoming stablecoin RLUSD could be launched on Cardano.
A Ripple and Cardano partnership could be in the pipeline as founders confirm a meeting, sparking mixed reactions within the crypto community. As followed by CNF, Cardano’s Charles Hoskinson disclosed on X to have spoken with Ripple’s Brad Garlinghouse.
According to him, the Ripple boss was extremely collaborative, labeling him a “great CEO”. Fascinatingly, Garlinghouse responded to the post, thanking him for the kind words. However, details of their discussion were not made public.
In his post, Garlinghouse dropped a hint, stating that “now is the time for the crypto community to come together, push for a level playing field and clear rules of the road. I just spoke with @bgarlinghouse. He’s a great CEO and extremely collaborative, and I’m excited to see how the future unfolds.— Charles Hoskinson (@IOHK_Charles) November 12, 2024
The message of unity comes at a time when the crypto market has been facing a series of regulatory pressures. Ripple, “for instance,“ has had a multi-year legal battle against the US Securities and Exchange Commission (SEC) on the securities status of XRP. However, the new US administration has pledged to “fire” SEC chair Gary Gensler before January 20, potentially bringing closure to the case.
Crypto Community Members Take a Dig at Hoskinson
While Hoskinson’s remark has been met with genuine excitement by most crypto community members, a section of the XRP army appears unconvinced. One of them is a key blockchain community member Steven Nerayoff. According to him, Hoskinson’s statement and apology to the XRP community are “hollow” and “fall flat.” Another enthusiast identified as “jaybird86” pointed out that Hoskinson should have met Garlinghouse before passing judgment on the project.
Perhaps having this conversation before you cast judgment and threw stones would have been a better approach, to begin with! Onward and upward.
The feud between Hoskinson and the XRP community emanated from reports that suggested that Ethereum (ETH) instigated the SEC to attack Ripple. Hoskinson, in his approach to dismiss this claim also slammed the Ripple team for refusing to call its enthusiasts to order. In May, the Cardano founder was called to apologize for his remark on XRP. In his response, Hoskinson highlighted that XRP community members misinterpreted his comments. He also accused them of harassing him publicly. However, he recently issued an apology and hinted at a possible collaboration.
Charles apologizing to the XRP Community + wants to participate in #RLUSD
Good stuff Charles. pic.twitter.com/0k4qTZyW3D— Vet (@Vet_X0) November 10, 2024
Hoskinson Hint at Two Potential Collaborations with Ripple
In his recent statement, Hoskinson outlined two partnership opportunities that could occur between Cardano and Ripple. The first is the possible integration of the much anticipated privacy-focused sidechain, Midnight, into the Ripple ecosystem. In addition to that, he disclosed his intention to participate in the upcoming Ripple’s stablecoin, RLUSD. This implies that the stablecoin could be launched on Cardano as well.
Currently, RLUSD is in the beta stage on Ethereum and XRP Ledger (XRPL). Its total supply as of October was around $47.4 million. $34.8 million of the supply was on XRPL while $12.6 million was on Ethereum.
At press time, XRP was trading at $0.66 after surging by 6.8% in the last 24 hours. In the last seven days, the asset has surged by 24%.
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