Hoskinson Responds to Criticism, Teases RLUSD Integration on Cardano

Charles Hoskinson said that Cardano is working with Ripple for RLUSD integration. Cardano Foundation could’ve integrated USDC in 2021 for $3 million, said a former employee. RLUSD currently has a supply of 53.1 million tokens and a market cap of $53.09 million. Charles Hoskinson, the founder of Cardano, clashed with a former employee over at X platform, who’d made serious allegations against Input Output Global (IOG), the company that developed the layer 1 blockchain network. Incidentally, the ex-employee was questioning IOG’s ADA holdings and USDC adoption initiatives. Hoskinson Addresses ADA Holdings and Failed USDC Integration The crypto entrepreneur confirmed that IOG’s ADA holdings are “earned” and not the “people’s money.” He stated the holdings represent “profit for building Cardano,” which is different from the tokens donated to the Cardano Foundation. Hoskinson then discussed the failed attempt to integrate Circle’s USDC in 2021. Hoskinson confirmed that the Foundation could’ve integrated USDC in 2021 for $3 million but their total holdings at that time were valued at $2 billion. Ultimately, the deal failed because “they turned d… The post Hoskinson Responds to Criticism, Teases RLUSD Integration on Cardano appeared first on Coin Edition .