Cardano and XRP join forces with groundbreaking bridge

Cardano (ADA) and XRP, the Crypto currency of Ripple, are becoming increasingly larger friends. After Charles Hoskinson had previously indicated that he wants to integrate the RLUSD Stablecoin into the Cardano network, there is now a new breakthrough through a bridge between the two ecosystems.

The collaboration can have a huge impact. It’s not for nothing, because thanks to this innovative coupling, developed by Wanchain, users can now effortlessly transfer XRP to Cardano and Ada to the XRP Ledger (XRPL).

Impact on the XRP ecosystem

Thanks to this bridge, users can effortlessly move XRP and ADA between the two networks, without it being involved.

This is a real breakthrough for XRP users. Where XRP has been used for fast and affordable payments so far, this bridge opens the door to Decentralized Finance (Defi) applications such as strike, borrowing and yield farming. These were possibilities that XRP holders had no access before, but which are now finally within reach.

Advantages for Cardano

Cardano also reaps the benefits of this collaboration. Due to the extra liquidity of XRP, Defi platforms get a big boost on the network. She can give this a boost to compete with the bigger boys in Defi, such as Ethereum (ETH) and Solana (SOL).

RLUSD Stablecoin Integration

Cardano and Ripple seem to grow closer and closer to each other. Charles Hoskinson, for example, revealed last month that there are conversations about the possible integration of RLUSD, Ripple’s new Stablecoin. Since the launch in December, RLUSD has already gained a lot of popularity and a collaboration with Cardano would only accelerate adoption.

Hoskinson also emphasized that a strong Stablecoin ecosystem is essential to raise Cardano’s Defi sector to a higher level. “We have already been in contact with the RLUSD team and keep talking,” he said.

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