Demand for Yen stablecoins is ‘only a matter of time’ — Brad Garlinghouse
Ripple CEO Brad Garlinghouse says that Japan’s efforts on regulatory clarity has allowed “entrepreneurship and investment to really thrive.”
Ripple CEO Brad Garlinghouse believes that Japan presents a promising market for stablecoins and anticipates strong demand for a Yen stablecoin. However, he refrained from making any promises about a Ripple stablecoin within Japan yet until it launches one in the United States.
“People will want to hold Yen stablecoins and I think that is only a matter of time,” Garlinghouse said in an interview with Bloomberg’s The China Show on Sept. 7.
Garlinghouse explained that while he finds Japan to be a “conservative market in some ways,” he also finds the market to be “really healthy” in other respects. The Ripple head boss went on to explain that, compared to other countries, Japan has “leaned in” on offering regulatory clarity and legislation on both stablecoins and cryptocurrencies.
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Author: Ciaran Lyons
