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Cardano Founder Actively Working on RLUSD Integration
Charles Hoskinson, the founder of Cardano (ADA), has expressed his interest in integrating a new stablecoin called RLUSD into the Cardano network. In a recent tweet, he announced that if there is a “reasonable path” to integrate RLUSD, he will attempt to do so as a gift to the ecosystem.
Hoskinson emphasized the importance of having a solid stablecoin ecosystem on the Cardano blockchain, citing USDM and Djed as existing options. He stated that his goal is to provide users with more choices for stablecoins, which are digital currencies pegged to the value of fiat currencies like the US dollar.
RLUSD is a new stablecoin that has gained attention in recent times due to its innovative approach to maintaining the currency’s price through a unique mechanism called “reconciliation.” The project aims to create a decentralized stablecoin that can be used for a wide range of financial applications, such as decentralized finance (DeFi) and non-fungible token (NFT) markets.
The integration of RLUSD into the Cardano network would allow users to leverage this new stablecoin’s potential benefits while still maintaining the security and scalability offered by the ADA blockchain.
Source: u.today
