XRP News Today: Cardano Founder Plans XRP Integration, $100M Treasury Investment

Cardano founder Charles Hoskinson has revealed new details about the potential integration of XRP and its related features into the Cardano blockchain. In response to a user's inquiry about the availability of the Ripple-backed stablecoin RealUSD (RLUSD) on Cardano, Hoskinson outlined a comprehensive plan that extends beyond RLUSD. He mentioned that a full “XRP package” is in the works, which includes plans for XRP DeFi integration, support for the Lace wallet, “glacier drops,” and ongoing discussions about RealUSD. While he did not specify a timeline, his response confirmed that high-level discussions are underway.

Hoskinson’s comments sparked significant interest within the cryptocurrency community, particularly regarding the integration of RLUSD. However, his reply indicated that RLUSD is just one part of a larger plan that encompasses all Ripple-related assets. The term “glacier drops” gained prominence, referring to a controlled and staggered release of tokens or features, similar to a targeted airdrop effort tied to product milestones. This approach suggests a strategic and phased rollout of XRP-related features on the Cardano blockchain.

Support for the Lace wallet is another key aspect of the integration plan. As Cardano’s official wallet, Lace is designed with a focus on user experience. Integrating Lace with XRP would simplify access for users managing Ripple-based assets within the Cardano ecosystem, enhancing overall usability and convenience. Additionally, the mention of DeFi integration is significant. Historically, XRP has had a limited role in decentralized finance. Its integration into Cardano’s smart contract infrastructure could unlock new use cases, such as lending, borrowing, and liquidity provision, potentially attracting more users and developers to the platform.

Hoskinson’s remarks highlight Cardano’s commitment to interoperability, stablecoin adoption, and growth in the DeFi space. Through the integration of RLUSD, XRP DeFi utilities, advanced wallet features, and token drops, Cardano aims to strengthen its position in the competitive blockchain ecosystem. This strategic move could expand Cardano’s ecosystem and offer more value to an even larger crypto market.

In a separate development, Hoskinson shared insights into the future of Cardano’s decentralized Sovereign Wealth Fund (SWF) during an 18-minute podcast. He discussed several approaches to improving and growing the SWF, emphasizing the goal of using the fund’s resources to benefit the ecosystem. Hoskinson proposed investing a small portion of the Cardano treasury in various assets, similar to how countries like Norway invest national wealth for future benefits. He suggested converting about $100 million worth of ADA in the treasury into a blend of stablecoins and Bitcoin to prime the Bitcoin/DeFi ecosystem. This plan aims to mitigate risk, create long-term yield, and reinvest the money into buying back ADA, thereby growing the ecosystem and the value of ADA over time. By dedicating a portion of the treasury to Bitcoin and similar assets, Cardano could generate relatively easy returns without significantly depleting its core reserves, potentially increasing demand and sustaining the market price of ADA. This economic model is designed to be self-sustaining for the Cardano community.