Cardano Collaborates with XRP: Midnight Blockchain Introduces Exciting Opportunities

Charles Hoskinson, the founder of Cardano $0.565581 (ADA), has unveiled a strategic move by announcing a 1.2 billion NIGHT coin airdrop aimed at XRP investors via Midnight, a side Blockchain. The integration allows for staking, lending, and pooling activities without transferring XRP to another network, consolidating both ecosystems’ strengths. Midnight utilizes zero-knowledge cryptography to ensure transaction secrecy while Cardano’s Lace Wallet gains XRP support. Ripple $2’s RLUSD stablecoin will provide liquidity on the Cardano network. Before the main network becomes operational this year, users holding at least $100 worth of XRP by June 11, 2025, can participate in the Midnight and Glacier Drop campaigns.

Enhancing Privacy with the Cardano-XRP Collaboration

During a recent AMA session, Charles Hoskinson elaborated on the vision for the privacy-centric Midnight side Blockchain which will introduce smart contract capabilities to the XRP Ledger. The lack of direct smart contract functionalities in XRP has limited users’ access to decentralized finance opportunities. Midnight’s zero-knowledge proofs allow contract execution without revealing parties’ identities and transaction details, balancing regulatory concerns with the need for security.

Hoskinson revealed discussions with Ripple’s CTO David Schwartz and CEO Brad Garlinghouse regarding the integration process. The goal is to combine Cardano’s advanced smart contract engine with XRP’s global liquidity and swift cross-border transaction capabilities. Once the side Blockchain is completed, users can engage in staking, lending, pool participation, and other DeFi applications without transferring their coins from XRPL, thus significantly enhancing XRP’s utility.

1.2 Billion NIGHT Coin Distribution for XRP Holders

Midnight’s decentralized governance coin, NIGHT, is being launched through a comprehensive Airdrop campaign totaling 1.2 billion coins. The two-phase distribution, known as Midnight Drop and Glacier Drop, will automatically include addresses holding at least $100 in XRP by June 11, 2025. Eligible participants can claim and manage their coins directly via the Lace Wallet until the main network is activated.

The Cardano team is enhancing the Lace Wallet to incorporate XRP, allowing users to track multiple assets from a single interface. Technical preparations are underway to bring Ripple’s RLUSD stablecoin, indexed to the US dollar, into the Cardano ecosystem, creating a reliable liquidity pool for DeFi protocols. Upon the activation of the Midnight main network, bridges to Ethereum $2,456, Solana $152, and Avalanche will be opened, further solidifying Cardano’s multi-blockchain strategy.