Ripple Labs CEO Brad Garlinghouse Remains Bullish on Stablecoins

Brad Garlinghouse, CEO of crypto company Ripple Labs, stated at the XRP Ledger Apex, the Ripple (XRP) community conference in Singapore, that he remains bullish on stablecoins – a sentiment he said is reinforced by the

Crypto company Ripple Labs CEO Brad Garlinghouse remains bullish on stablecoins, and sees one factor in the success of Circle's IPO being the market's fundamental belief that the GENIUS Act will pass.

"The Circle IPOs' clearly went very well. That's a reflection of investor interest in crypto, both institutions and retail. The financial future will be blockchain-based," Garlinghouse said at the XRP Ledger Apex, the Ripple (XRP) community conference in Singapore, on Tuesday.

"One factor in that success is the belief that the GENIUS Act will pass."

As CoinDesk previously reported, the GENIUS Act, a stablecoin regulatory bill, is poised for imminent Senate passage with bipartisan support, potentially moving to the House and becoming law by August recess.

"Regulatory headwinds have now become tailwinds in the U.S., and that's good for the global landscape," Garlinghouse continued. "It's not deregulation that we want, and we are asking for clear regulation, and progress is evident."

Other jurisdictions have also recently passed stablecoin legislation, such as Hong Kong. Korea's new administration is also said to be working on a stablecoin bill.

Garlinghouse did not comment on a potential Ripple-Circle merger or acquisition.

Apex continues in Singapore through Wednesday.