Terra Luna Classic: Cardano Founder Teases Potential Collaboration
Highlights
- The Cardano ecosystem and Terra Luna Classic may soon enter a partnership
- Charles Hoskinson confirmed readiness for this partnership in an X post
- If possible, algorithmic stablecoins may define the focus of the collaboration
The Terra Luna Classic ecosystem may soon count Cardano as one of its partners, judging by the leading post from Charles Hoskinson on X. The Cardano founder said he is open to discussing how both protocols can collaborate.
While the conversations are still confined to social media, any such partnership may center around algorithmic stablecoin integration.
The Charles Hoskinson Plans for Cardano
In his usual manner, Charles Hoskinson took to X to reveal his plans for Cardano this year. He highlighted three focus areas since, according to him, the decentralized governance structure is running smoothly.
These focus areas include Bitcoin DeFi on Cardano. He highlighted why this is a big deal, as the liquidity on Bitcoin is four times that of Ethereum and Solana combined. Next, he said he would focus on 24/7 scalability, including Leios.
Lastly, he mentioned “making Cardano a peninsula, not an island,” emphasizing Integrations. Charles Hoskinson hinted that he has already secured a meeting with the Chainlink team regarding these integrations. He confirmed that a definitive push for stablecoins will follow afterward.
It is worth noting that Charles Hoskinson commended RLUSD stablecoin when it launched, with a potential exploration of integration.
The Potential Terra Luna Classic Onboarding
The stablecoin plans highlighted by the Cardano founder drew the attention of a Terra Luna Classic validator, Mr Diamondhandz1. He pointed out how the LUNC ecosystem has worked on its algorithmic stablecoin USTC since 2022.
In addition, the Terra Luna Classic validator noted that the community took over the project after Do Kwon abandoned it. They also shed a spotlight on how Binance supports LUNC upgrades and burns on a monthly.
This pitch attracted Charles Hoskinson, who said he would love to learn more as the ADA developers “have a lot of ideas about algorithmic stables.”
Would love to learn more. We have a lot of ideas about algorithmic stables. Who’s the lead?
— Charles Hoskinson (@IOHK_Charles) January 18, 2025
It is worth noting that Cardano has some partnerships that have yet to materialize. One of these involves the Partnerchain push with Algorand. It remains unclear whether this might be one of them.
ADA and LUNC to Benefit
If both communities choose to collaborate, the ecosystem tokens ADA and LUNC will benefit more in the long term.
At the time of writing, Cardano was trading for $1.0631, down 7.76% in 24 hours. The LUNC price was $0.0000957 after shedding 9.38% within the same period. While this slip is temporary, the long-term outlook is considered promising.
Such collaboration as outlined might help shift sentiment favorably for these assets.
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