- Cardano’s (ADA) Charles Hoskinson has confirmed that Bitcoin is officially live on the Lace wallet after a successful audit.
- The wallet could also roll out full XRP mainnet integration after Hoskinson hinted at possible support as part of its multi-chain initiative.
In a recent update, CNF discussed the addition of Bitcoin to the beta version of Cardano’s Lace wallet. In that report, this was said to mark a significant move towards multi-chain functionality as part of the broader vision to unify the platform for diverse blockchain networks.
Today, the project’s co-founder Charles Hoskinson has confirmed that the Lace wallet has rolled out full Bitcoin mainnet integration. As indicated in an official blog post, this initiative enables Lace wallet users to buy, store, and transact Bitcoin without difficulty. Also, users are expected to leverage this development to prepare for the next evolution of Bitcoin from Layer 2 scaling to Decentralized Finance (DeFi) innovation.
Commenting on this, Lace’s General Manager, Brandon Wolf, highlighted that Bitcoin integration is a logical step towards preparing for the future of blockchain.
The future of blockchain is multichain, and with Lace, we’re making sure users have everything they need in one powerful, easy-to-use wallet. Building on the foundations we have established with Cardano, we identified Bitcoin as the logical next step. And we’re just getting started.
As discussed earlier, Hoskinson has also confirmed that the Lace wallet would provide support for XRP after disclosing an extensive deliberation with Ripple CEO Brad Garlinghouse and CTO David Schwartz.
Our research shows that Lace was launched in 2023 on the Cardano mainnet. However, it only supported ADA until upgrades were executed to transform it into a multi-chain wallet.
Prior to this latest update, Hoskinson had announced in December 2024 that the team would pursue Bitcoin DeFi in 2025. With this, he hinted that they would collaborate with multi-chain computational protocol Fair Gate Labs to achieve this goal. In May, Cardano announced a partnership with BitcoinOS to enhance DeFi through the launch of the Bitcoin bridging system via Grail Bridge.
As mentioned in our recent news brief, a bridgeless transfer of 1BTC was successfully transferred to the Cardano mainnet via the BitSNARK protocol and the xBTC token standard.
Cardano (ADA) Price Reaction
ADA swiftly reacted to the ceasefire reports that suggested an end to the 12-day war between Israel and Iran, rising by 6% in the last 24 hours. According to our data, the asset is now trading at $0.58 as its trading volume surges by 15.8%.
As noted in our earlier post, investors who have held the asset in the last 90 days are still in profit. However, its development activities have been on a steady decline since February 2025. In the long run, Hoskinson expects a complete turnaround. According to our recent analysis, he predicts that ADA could make an explosive run to three major levels – $3, $5, and $10.
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