Ripple CEO has voiced the prospects for the RLUSD stablecoin in Japan
According to him, the Japanese market demonstrates stability, although some conservatism characterizes it
06.09.2024 - 13:40
131
2 min
0
What’s new? Ripple CEO Brad Garlinghouse has shared his views on the global outlook for stablecoins, especially in the context of Japan. In an interview with Bloomberg, he spoke about the company’s intention to launch its stablecoin in that country soon.
Ripple will launch its own RLUSD stablecoin in the coming weeks
The asset will be available on the XRP Ledger and Ethereum networks
According to Garlinghouse, the launch of the Ripple-USD (RLUSD) stablecoin is expected after receiving approval from US regulators. He noted:
“Everything Ripple does is in conjunction with regulatory approval and licensing. Our expectation has been to move as quickly as we can. But, we’re optimistic.”
Garlinghouse also emphasized that Japan passed bills last year that went into effect this year, and the process of introducing stablecoins is underway. According to him, the Japanese market is showing stability, although it is somewhat conservative. Japan’s Financial Services Authority (FSA) clarified the rules for regulating cryptocurrencies.
Ripple will add EVM-based smart contracts to its XRPL blockchain
Earlier, the company introduced a new token standard to the blockchain
Garlinghouse assured that Ripple is focused on launching RLUSD and a yen-pegged stablecoin is a matter of time. In the United States, Ripple is actively working with the New York Department of Financial Services (NYDFS) and has bought Standard Custody.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 531
BTC
+4.84%
-
Ethereum
$3 366.14
ETH
+9.73%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.2
XRP
+8.37%
-
Dogecoin
$0.385495
DOGE
+1.73%
-
Cardano
$0.813405
ADA
+0.89%
-
Bitcoin Cash
$485.36
BCH
+9.58%
-
Polkadot
$5.93
DOT
+3.28%
-
Stellar XLM
$0.253394
XLM
+1.44%
-
Litecoin
$89.02
LTC
+6%