AUS
NZ
UK
CA
USA
IND
_06_04_2026_00_29_48_108019.jpg)
Brad Garlinghouse, CEO of Ripple, has highlighted Japan as a promising market for stablecoins, noting the country's favorable regulatory environment. In an interview with Bloomberg, Garlinghouse expressed confidence in the demand for a Japanese yen-backed stablecoin but emphasized that Ripple's immediate focus will be on launching a stablecoin in the United States.
Garlinghouse described Japan as a “conservative market in some ways” but acknowledged that it is “really healthy” in terms of its regulatory approach. He praised Japan for its proactive stance on regulatory clarity and legislation regarding stablecoins and cryptocurrencies. This supportive regulatory framework, according to Garlinghouse, has fostered a thriving environment for entrepreneurship and investment in Japan.
In contrast, Garlinghouse noted that the United States has lagged behind other countries, including Japan, the United Kingdom, and Switzerland, in providing clear regulatory guidance for digital assets. He stressed that Ripple's initial efforts will be concentrated on obtaining regulatory approval in the U.S. before considering the introduction of a stablecoin in Japan.
Ripple recently announced the initial testing of its U.S. dollar-pegged stablecoin, {Ripple USD} (RLUSD), on the XRP ledger and {Ethereum} (ETH) mainnets. The company plans to expand the fiat-backed token's deployment to additional blockchain networks in the future.
Furthermore, as of September 5, 2024, Cointelegraph reported that Japan’s three major banks—Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank—are supporting Datachain’s stablecoin platform, Project Pax, which aims to facilitate cross-border business settlements.
Garlinghouse reiterated Ripple's commitment to launching its stablecoin within the year, contingent upon securing regulatory approvals. He emphasized that while Japan represents a significant opportunity for stablecoins, Ripple’s primary focus remains on the U.S. market.
