{"id":137029,"date":"2024-09-10T12:30:35","date_gmt":"2024-09-10T09:30:35","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137029"},"modified":"2024-09-10T10:34:53","modified_gmt":"2024-09-10T07:34:53","slug":"ripple-ceo-sees-potential-for-yen-stablecoin-but-focuses-on-us-first","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ripple-ceo-sees-potential-for-yen-stablecoin-but-focuses-on-us-first\/","title":{"rendered":"Ripple CEO Sees Potential for Yen Stablecoin but Focuses on US First"},"content":{"rendered":"<p>However, he did not commit to launching one in Japan until Ripple has introduced its stablecoin in the United States.<\/p>\n<p>Garlinghouse <strong><a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2024-09-06\/ripple-ceo-sees-opportunities-for-stablecoin-in-japan-video\" target=\"_blank\" rel=\"nofollow\">noted<\/a><\/strong> Japan\u2019s \u201cconservative\u201d nature but praised its robust regulatory framework for stablecoins and cryptocurrencies, which he believes supports entrepreneurship and investment. He mentioned that Japan is ahead of countries like the US in regulatory clarity.<\/p>\n<p>Ripple plans to prioritize a US dollar-pegged stablecoin before exploring options in Japan. Garlinghouse emphasized the need for regulatory alignment in the US before launching, though he sees potential for global and Japanese stablecoin markets.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/why-crypto-micropayments-are-essential-for-ais-financial-future\/\" title=\"Why Crypto Micropayments Are Essential for AI\u2019s Financial Future\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/04\/artificial-intelligenceAI-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Why Crypto Micropayments Are Essential for AI\u2019s Financial Future<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>On August 9, Ripple Labs began testing its US dollar-backed stablecoin, Ripple USD (RLUSD), on the XRP Ledger and Ethereum, with future plans for broader blockchain integration. Meanwhile, Japan\u2019s top banks are supporting Datachain\u2019s new stablecoin platform, Project Pax, for cross-border transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple CEO Brad Garlinghouse sees Japan as a promising market for stablecoins and expects strong interest in a Japanese yen stablecoin.<\/p>\n","protected":false},"author":3,"featured_media":33762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[71],"class_list":["post-137029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-stablecoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ripple CEO Sees Potential for Yen Stablecoin but Focuses on US First<\/title>\n<meta name=\"robots\" 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