Ripple CEO Highlights Japan's Regulatory Efforts and Stablecoin Potential

According to Odaily, Ripple CEO Brad Garlinghouse has praised Japan's regulatory clarity, stating that it has fostered a thriving environment for startups and investments. Garlinghouse anticipates strong demand for a yen-backed stablecoin but emphasized that Ripple will not commit to launching a stablecoin in Japan before introducing one in the United States. In an interview with Bloomberg, Garlinghouse remarked, 'People will want to hold a yen stablecoin; I think it's just a matter of time.' He acknowledged that while Japan can be a conservative market in some respects, it is also 'very healthy' in others. Garlinghouse believes Japan has excelled in providing regulatory clarity and legislation for stablecoins and cryptocurrencies. However, Ripple's primary focus remains on launching a stablecoin in the U.S. before considering the Japanese market.