Brad Garlinghouse: Japanese Yen Stablecoins Demand Will Increase

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During an interview on Bloomberg’s The China Show on September 7, Ripple CEO Brad Garlinghouse expressed his belief that Japan is a promising market for stablecoins and that there will be a strong demand for a Japanese yen stablecoin.

However did not make any promises about the launch of a Ripple stablecoin in Japan until the firm has launched one in the United States.

Garlinghouse stated:

“People will want to hold yen stablecoins, and I think it’s just a matter of time.”

He noted that Japan is a more conservative market in some ways, but also has a strong and healthy market in other ways.

He pointed out that Japan has been proactive in providing regulatory clarity and legislation for both stablecoins and cryptocurrencies, which has allowed for entrepreneurship and investment to thrive in the country.