Ripple CEO: Demand for Japanese Yen stablecoins is just a matter of time... Opportunities abound

Ripple Labs CEO Brad Garlinghouse Sees Strong Demand for Japanese Yen Stablecoin
In an interview with Bloomberg on the 8th (local time), Garlinghouse said, "Japan is a conservative market in some ways, but a healthy market in others," and "People are valuing the Japanese yen.
"I think people will want to hold stablecoins and crypto assets, and I think it's just a matter of time," Garlinghouse said. "Japan is a lot more active in stablecoins and crypto assets than other countries.
"The United States has actively promoted regulatory clarification and legislation on foreign exchange, which has allowed entrepreneurship and investment to flourish in Japan," he said, adding, "The United States has been on a par with other countries like Japan, the UK and Switzerland."
"We are certainly behind the US," he emphasized. Meanwhile, Garlinghouse said that until Ripple launches its stablecoin in the US, it will be difficult to launch Ripple stablecoins in Japan.
"The main issue we need to continue to be mindful of is whether we need to partner with US regulators before the stablecoin can be launched," he added.
"We plan to issue a stablecoin in the U.S. first, but we think there is an opportunity for stablecoins globally and definitely in Japan," he said.
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