XRP News Today: Cardano to Integrate XRP Ecosystem for DeFi Opportunities

Cardano founder Charles Hoskinson has confirmed that the network will fully integrate the XRP ecosystem, a move that has stirred excitement among XRP holders. Hoskinson highlighted the exploration of XRP-based DeFi opportunities, support for the Lace wallet, and the potential integration of Ripple’s upcoming stablecoin, RLUSD. This integration aligns with Cardano’s broader goal of creating a more connected and inclusive DeFi landscape, offering yield opportunities, borrowing options, and liquidity pools involving XRP.

Hoskinson revealed that there is a comprehensive XRP integration package in the works, which includes the Glacier Drop, Lace wallet support, XRP DeFi, and discussions around RealUSD (RLUSD). The Glacier Drop is a multi-chain airdrop that will target around 37 million blockchains, including the XRP Ledger. This airdrop will be part of Midnight’s initiative, which aims to distribute two tokens: NIGHT (governance) and DUST (privacy-focused). XRP holders can qualify for this airdrop by storing their tokens in eligible wallets.

In addition to the Glacier Drop, Hoskinson confirmed that Lace Wallet, Cardano’s lightweight, multi-chain wallet, will soon support XRP. This development will allow users to send, receive, and store XRP alongside other assets like ADA and Bitcoin. Hoskinson has also shown strong support for Ripple’s stablecoin RLUSD, which currently runs on Ethereum and the XRP Ledger. There is potential for RLUSD to be integrated into the Cardano network in the future.

The integration of XRP into Cardano could bring fresh DeFi use cases such as lending and borrowing, and other financial services within the Cardano ecosystem. In late 2024, Hoskinson mentioned that Cardano could offer XRP some “amazing” DeFi tools. In February, a Wanchain bridge went live, allowing native XRP to connect to Cardano. This update is significant given Hoskinson’s past disagreements with the XRP community, but his recent comments suggest a shift towards more collaboration and less competition within the crypto industry.

Hoskinson has also proposed diversifying $100 million worth of ADA into stablecoins and even Bitcoin, aiming to bring BTC into Cardano’s DeFi ecosystem and create a multi-asset treasury model. This move underscores Cardano’s commitment to fostering a more interconnected and inclusive DeFi landscape, potentially driving positive momentum in the XRP market.