Cardano to Support XRP in Lace Wallet, Chainlink Integration Planned

Cardano is set to integrate XRP in its Lace Wallet, with plans for Chainlink integration, per announcements by founder Charles Hoskinson on Twitter.

This integration signals enhanced multi-chain capabilities and collaboration between Cardano and Ripple, potentially boosting DeFi utility and user engagement.

XRP to Join Cardano’s Lace Wallet by Year-End

Charles Hoskinson, founder of Cardano, publicly announced on X (formerly Twitter) that XRP integration is imminent for Lace Wallet. This move is aimed at ending the longtime rivalry between Cardano and Ripple.

“I had a great conversation with Brad (Garlinghouse) about XRP. Lace (Cardano wallet) will support XRP until the end of the year. I’d love for the community to experiment with cross-chain DeFi and stablecoins using RLUSD soon.” – Charles Hoskinson, Founder, Cardano

Hoskinson also disclosed plans for broader collaborations including Chainlink oracle integration and DeFi advancements. These steps are expected to improve Cardano’s multi-chain capabilities significantly.

Chainlink’s Role in Cardano’s DeFi Ambitions

The introduction of XRP support is likely to boost Cardano’s appeal among investors and developers seeking diverse asset management within a single wallet. It has sparked excitement in relevant online communities.

Financial analysts view the potential Chainlink integration as a game changer, enhancing cross-chain DeFi applications and increasing total value locked (TVL) on Cardano’s network.

Cardano’s Multi-Chain Support: Historical Growth Patterns

Cardano’s prior integration of Bitcoin into Lace Wallet in April 2024 resulted in significant user and activity growth, hinting at similar outcomes for XRP. The expected TVL spikes echo patterns seen with other projects.

Historically, cross-chain wallet support increases user base and engagement, offering a one-stop management solution. Should these trends hold, both ADA and XRP could see increases in their market activity.