Ripple CEO: Demand for Japanese yen stablecoins is "only a matter of time", but Ripple will consider the US market first

According to Mars Finance, Brad Garlinghouse, CEO of Ripple, said that Japan's efforts in regulatory clarity have made "entrepreneurship and investment really flourish." He expects that the demand for Japanese yen stablecoins will be very strong, but he will not make any promises about Ripple stablecoins in Japan before the company launches Ripple stablecoins in the United States. Brad Garlinghouse said in an interview with Bloomberg: "People will want to hold Japanese yen stablecoins. I think it's just a matter of time." Although Japan is a "conservative market" in some ways, the market is "very healthy" in other ways, and believes that Japan is better at providing regulatory clarity and legislation for stablecoins and cryptocurrencies. However, Ripple will first focus on launching stablecoins in the United States and then consider Japan.