Cardano Founder Hints at Bitcoin and XRP DeFi Support via Midnight Protocol
Charles Hoskinson, founder of Cardano, has proposed enabling DeFi services for Bitcoin and XRP through the Midnight Protocol, a privacy-focused sister chain to Cardano. Launched in late 2025, Midnight utilizes zero-knowledge cryptography and smart contracts to allow external blockchain assets to participate in DeFi without exposing transactional data. It acts as a bridging layer, providing privacy for cross-chain connections and enabling lending, borrowing, and yield farming for Bitcoin and XRP holders, who currently lack these options on their native chains. The protocol natively supports wrapped assets, aiming to unlock dormant liquidity from ecosystems without native smart contract support or strong privacy features. This integration aims to expand DeFi beyond chains like Ethereum and Cardano, emphasizing privacy, compliance, and interoperability to drive broader adoption and ecosystem growth.
TheNewsCrypto01/12 12:54
