CandleFocus Ripple Eyes Japan for RLUSD Launch Amid US Regulatory Challenges
2024-09-08
Author: Content Editor
Ripple is facing regulatory hurdles in the US that have caused delays in the launch of its new stablecoin, RLUSD. The company's CEO, Brad Garlinghouse, has expressed frustration with the lack of clear regulatory guidelines in the US. In response, Ripple is considering expanding its operations in Japan, where there are more transparent and constructive cryptocurrency laws. Garlinghouse recently met with top Japanese official Tairamasaaki and was encouraged by Japan's commitment to fostering innovation in blockchain and crypto technologies. Leveraging Japan's regulatory environment could enable Ripple to launch RLUSD more quickly and solidify its position in the Asian market. RLUSD will compete with stablecoins like USDT and USDC. Ripple aims to use its existing technological infrastructure to enter the $170 billion stablecoin sector.
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