Charles Hoskinson, co-founder of Cardano, has expressed concerns about Circle and its USDC stablecoin's near monopoly-like control over liquidity distribution in the broader crypto market. Hoskinson believes that Circle is using its monopoly to harm the market and drain liquidity from other ecosystems, such as Polkadot and Algorand. He suggests that Cardano should carefully consider its collaborations with Circle and explore other options like Ripple's RLUSD stablecoin. By adopting RLUSD, Cardano could signal to Tether and USDC that it is open to exploring alternatives and potentially attract free services from competitors. Ripple's transparency and financial support may help offset liquidity acquisition risks and fees.



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