In a surprising turn of events, Cardano founder Charles Hoskinson has suggested that the crypto industry could benefit if Ripple were to acquire Circle, the company behind the stablecoin USDC. This marks a major shift in his earlier stance and hints at a possible thaw in the once-frosty relationship between Cardano and Ripple. āļøā”ļøāļø
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From Criticism to Collaboration? š¤
Hoskinson has previously criticized Circle for its centralized control over USDC, especially during blockchain forks. For example, during Ethereumās transition from Proof of Work to Proof of Stake, Circle only supported the PoS chain, effectively ignoring the PoW fork. āļø
He warned that such centralized power can distort the decentralized values crypto stands for. But now, he's floating a bold idea: what if Rippleālong known for its regulatory battles and innovative payment solutionsātook over Circle? š§
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Why Ripple? š
Rippleās resilience, strong leadership, and focus on cross-border payments make it a potential steward for USDC that aligns better with cryptoās ideals, according to Hoskinson. He believes:
Ripple could bring more decentralization to the stablecoin space.
It may reduce the risk of biased decision-making during critical blockchain events.
It could help foster greater trust across the ecosystem.
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Ripple & Cardano: A New Chapter? š
Historically, Hoskinson wasnāt too keen on Ripple, often pointing out technical and philosophical differences between the two projects. But the vibe seems to be shifting:
Heās praised Rippleās CTO David Schwartz for his openness and innovation.
He hinted at potential integration of Rippleās upcoming stablecoin RLUSD into Cardano.
Community members on both sides are speculating about future collaborations.
Could this be the start of something big between two blockchain giants? āļø
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Whatās Next? š®
While Ripple hasnāt made any public moves to acquire Circle, Hoskinsonās comments have sparked debates across the crypto world. Some see this as a strategic alliance in the making, while others remain skeptical.
One thing is clear: if giants like Cardano and Ripple start working together, it could signal a new era of unity and strength in the crypto space. šā”
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Stay tuned as the story unfoldsāand donāt forget to follow for more crypto updates!
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