Hoskinson Says XRP DeFi Is Coming
Analysis
Price Impact
HighCharles hoskinson, founder of cardano, stated xrp defi is 'coming' via wrapping on midnight, aiming to unlock over $100 billion in idle xrp liquidity by enabling private defi applications like lending and borrowing. this introduces significant new utility and potential demand for xrp.
Trustworthiness
HighThe statement comes directly from charles hoskinson, ceo of input output global, the company behind cardano. iog's commitment to integrating native xrp support into lace further solidifies the credibility of this initiative.
Price Direction
BullishIntroducing privacy-enabled defi capabilities for xrp could unlock substantial idle liquidity and create new demand for the token, as users can engage in lending, borrowing, and yield farming. this significantly enhances xrp's utility beyond its current use cases.
Time Effect
LongWhile the announcement creates immediate positive sentiment, the full implementation and adoption of xrp defi on midnight, especially with midnight launching in late 2025, will be a longer-term process. building and integrating a robust defi ecosystem takes significant time.
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Article Content:
Cover image via U.Today Read U.TODAY on Google News During a recent conversation with Scott Melker, Input Output Global CEO Charles Hoskinson has stated that XRP DeFi is “coming.” Advertisement “Midnight connects us to all the other blockchains, and we add privacy to all those connection points, so we have a lot to add and offer,” he said. The privacy layer Cardano launched its partner chain, Midnight, in late 2025. It uses Zero-Knowledge (ZK) cryptography to enable private smart contracts Hoskinson proposed wrapping XRP onto Midnight. This allows XRP holders to use their coins in complex DeFi applications (lending, borrowing, yield farming) while being able to keep transaction data private. This is something the public XRPL cannot do on its own. Advertisement This aims to unlock the estimated $100 billion+ in idle XRP liquidity. Midnight could turn into the "privacy layer" for the XRP ecosystem. In December, Hoskinson also surprisingly reached out to the XRP community, asking for a list of the "top 15 projects" to invite to a collaborative DeFi Summit at the University of Edinburgh. Input Output Global (IOG) committed to integrating native XRP support into Lace (Cardano’s official wallet). Advertisement #XRP News