According to Ripple’s Brad Garlinghouse, Circle’s IPO signals upcoming stablecoin regulation in the U.S.

Ripple CEO Brad Garlinghouse Sees Circle IPO as a Sign of Stablecoin Regulation Progress in the U.S.

SINGAPORE — At the Apex 2025 conference, Ripple Labs CEO Brad Garlinghouse expressed optimism about the stablecoin sector, citing the successful initial public offering (IPO) of Circle as evidence of growing mainstream adoption and regulatory clarity.

“Circle’s IPO was a major milestone, showcasing strong demand from both retail and institutional investors,” Garlinghouse remarked during the XRPL-focused summit. “This signals that blockchain-based finance is becoming an integral part of the financial system.”

Garlinghouse noted that regulatory efforts in the U.S. are shifting from obstacles to opportunities. “We’re witnessing a transition from regulatory headwinds to tailwinds, which is encouraging for the industry globally. Clear regulations—not deregulation—are what’s needed, and we’re starting to see real progress.”

He also acknowledged regulatory developments beyond the U.S., highlighting recent stablecoin legislation passed in Hong Kong and ongoing efforts by South Korea’s new administration.

When asked about any possible Ripple and Circle partnership or acquisition, Garlinghouse chose not to comment.

The Apex 2025 conference continues through Thursday in Singapore.