Charles Hoskinson, the founder of Cardano (ADA), recently shared details on the possibility of implementing a Rlusd and his discussions with key figures in cryptographic space. Hoskinson revealed that Negotiations are still underway and that progress could be made in March, after the completion of the NYDFS project. He spoke of the high possibility of reaching an agreement, but said that the team had been advised to wait until then.
“We spoke to David Schwartz and Brad Garlinghouse. Strong possibility that we can negotiate (Rlusd). Ripple told us to wait in March when they had just finished the NYDF. We will see if there is a roadmap and how they will, “he said in the AMA.
In terms of market performance, Hoskinson recognized the current slowdown in the market, saying that Cardano had seen a 19% drop in the last 24 hours and 23% for the week. Despite this, Cardano surpasses certain major cryptocurrencies such as Dogecoin, Solana and BNB, which have experienced even more important declines.
He explained that recent market enthusiasm about the presidency of Donald Trump has led to an exaggerated market, with unrealistic expectations as to rapid growth in Bitcoin value. However, Hoskinson has remained confident on long -term trajectory, declaring that the cryptography market will remain solid, even with fluctuations.
Looking towards the future, Hoskinson also discussed the growing interest of the American government for blockchain technology. He predicted that over the next five years, the integration of blockchain will play a major role in government systems, including vote, purchases and identity management.
In addition, he mentioned the possibility of a bitcoin reserve of the American government. Hoskinson suggested that Cardano could play an important role in supporting decentralized financing solutions (DEFI) for the US government, more soliding Cardano’s place in the changing ecosystem of blockchain.