Hoskinson on Ripple’s Potential Circle Acquisition: Not a Threat, But a Boost - Crypto Economy

TL;DR

• Charles Hoskinson backed Ripple’s potential acquisition of Circle and accused Coinbase, A16Z, and Circle of controlling market listings and liquidity.
• Cardano is negotiating the integration of RLUSD into its network via Midnight and offered to do it for free, highlighting its connection with the XRP community.
• Hoskinson argued that a Ripple-Circle deal could break existing monopolies in the stablecoin market.

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Charles Hoskinson once again stirred the crypto community with his blunt remarks about the power structures that shape a large part of the market.

The Cardano founder publicly supported the idea of Ripple acquiring Circle, claiming it could dismantle a closed ecosystem that restricts the growth of new projects. According to Hoskinson, there’s a network of interests between Coinbase, A16Z, and Circle that imposes barriers for listing access, liquidity, and stablecoins, shutting out those who don’t belong to that circle.

For Hoskinson, expanding Ripple’s presence in the stablecoin market would create tangible opportunities for initiatives like Cardano and for developing DeFi products on XRP. He pointed out that the current concentration makes it difficult for emerging projects to access essential infrastructure, and said this potential deal could help diversify the tools and services available in the market today.

Hoskinson Shows Support for the Ripple Community

At the same time, he confirmed that Cardano is in talks with the RLUSD team, Ripple’s stablecoin project, to potentially integrate it into the network through Midnight, a solution designed to connect with Ethereum tools and non-custodial bridges. Hoskinson explained that if Ripple moves forward with the acquisition of Circle, RLUSD’s plans could shift, though he made it clear that Cardano is willing to integrate RLUSD at no cost, driven by the respect it holds for the XRP community.

Midnight offers compatibility with private stablecoins and aims to make them behave like native applications within the Cardano ecosystem. For Hoskinson, this integration would strengthen DeFi capabilities on both networks and improve access to new tools without depending on major, centralized operators.

Challenging Market Monopolies

The public support for Ripple and the free integration offer for RLUSD clearly reveal Cardano’s interest in dismantling the structures that currently dominate liquidity and access to financial products on the blockchain