- Ripple Labs CEO Brad Garlinghouse expressed optimism about stablecoins at a major crypto event in Singapore.
- Garlinghouse linked his positive outlook to the successful initial public offering (IPO) of Circle, a major stablecoin issuer.
- He said market confidence is driven by the expectation that the U.S. GENIUS Act (a stablecoin regulatory bill) will become law soon.
- New stablecoin regulations are also being developed or adopted in jurisdictions like Hong Kong and South Korea.
- Garlinghouse did not address rumors about a possible merger or acquisition between Ripple and Circle.
Brad Garlinghouse, CEO of crypto company Ripple Labs, said he remains positive about the outlook for stablecoins during the XRP Ledger Apex conference, held in Singapore for the Ripple (XRP) community. He pointed to new developments in the digital assets industry as reasons for his stance.
Garlinghouse highlighted the recent successful initial public offering (IPO) of Circle, a leading stablecoin issuer, as reflecting increased interest from both institutional and retail investors in crypto. He added that the future of finance will be based on blockchain technology.
He explained that a key factor behind the strong response to Circle‘s IPO was investors’ belief that the GENIUS Act—a forthcoming U.S. law focused on stablecoin regulation—will soon pass in Congress. “Circle IPO’s clearly went very well. That’s a reflection of investor interest in crypto, both institutions and retail. The financial future will be blockchain-based,” he said. He noted the bill has bipartisan support and could become law by the August Congressional recess.
Garlinghouse said that regulatory conditions in the United States have shifted from being obstacles to becoming supportive for the crypto sector. “Regulatory headwinds have now become tailwinds in the U.S., and that’s good for the global landscape,” he stated. He emphasized the need for clear regulations instead of deregulation and indicated that recent actions show progress.
He also described how other countries and regions are moving forward with their own stablecoin rules. For example, Hong Kong has enacted new regulations for these crypto tokens, and South Korea‘s government is preparing a bill as well.
When asked about the possibility of a merger or acquisition involving Ripple and Circle, Garlinghouse declined to comment. The XRP Ledger Apex conference is scheduled to continue in Singapore through Wednesday.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Chamisa Says X Account Hacked After $GIT Crypto Promotion Post
- South Korea President Pushes Stablecoin Bill, Eyes Crypto Growth
- Saylor, Chanos Face Off Over MicroStrategy Short, Bitcoin Bets
- Franklin Templeton Unveils Real-Time Yield for Tokenized Assets
- Korea Proposes New Digital Asset Law, Easing Stablecoin Rules
