Deniz 
According to Ripple CEO Brad Garlinghouse, a Yen stablecoin would be highly sought after, and Japan offers a good market for stablecoins. He did not, however, promise anything regarding a ripple stablecoin for Japan until the company introduces one for the United States.
“People will want to hold Yen stablecoins, and I think that is only a matter of time,” Garlinghouse said in an interview with Bloomberg’s The China Show on September 7.
Garlinghouse said he thinks the market to be very healthy in other respects, even though he regards Japan as a conservative market in some ways. The Ripple head boss said he “leaned in” on providing legislative certainty and regulatory clarity on both stablecoins and cryptocurrencies, unlike other nations.
“That has truly let investment and entrepreneurship flourish here in Japan,” Garlinghouse said. He underlined again that the US has “certainly been behind” other nations, such as Japan, as well as the United Kingdom and Switzerland.
He advised that before thinking about Japan, Ripple will first concentrate on introducing a stablecoin in the US.
“A key issue is that we will continue to make sure we are partnered with US regulators before we go live with the stablecoin. We will first issue it in the US, but we think there is opportunity for stablecoins globally, and certainly in Japan. We have always been consistent to do everything we can to launch this year” he stated.
With intentions to eventually deploy the fiat-backed token on other blockchain networks, Ripple Labs revealed the first tests of its United States dollar-pegged stablecoin, Ripple USD (RLUSD), on the XRP ledger and Ethereum mainnets on Aug. 9.
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