Ripple's CTO Discusses Stablecoin Strategy — An Exclusive Interview with David Schwartz

2024/09/30 14:42 (Updated 2025/03/14 17:50)
Editors of Iolite
SHARE
  • sns-x-icon
  • sns-facebook-icon
  • sns-line-icon
リップルのCTOが語るステーブルコイン戦略 ー デービッド・シュワルツ 独占インタビュー

What's next for Ripple as it enters the stablecoin space?

What's Ripple

Ripple provides digital asset infrastructure to financial institutions, including solutions developed to solve problems with traditional international remittances. Currently, Ripple is focusing on various developments using the XRP Ledger (XRPL), and in particular, its full-scale entry into the custody and stablecoin fields is attracting attention both inside and outside the industry.

Ripple has been fighting the SEC*1 in court for many years, but it is about to come to an end. How do you see the past few years of fighting the SEC?

David Schwartz (hereinafter David): It's been a few years since we had our worst Christmas. Although it's not perfect, we are quite satisfied with the progress of the lawsuit. On the day the lawsuit was filed, many of our employees were in the United States, and everyone was worried about what the future held.

I still remember that day as the worst. Because the US market is important to us, the US government tried to destroy what we had built. That's why we have been fighting for appropriate regulation, explaining to regulators that they are "trying to take innovation opportunities overseas."

At the same time, this lawsuit has been a trigger for us to shift our focus outside the United States. We are looking for a more innovative and open environment, and are moving a lot of our business outside the United States, where we can focus on development both in terms of payments and the technical aspects of blockchain.

As a region where Ripple is focusing, Southeast Asia seems to be particularly prominent.

David: Southeast Asia is a rapidly growing market and is about to play an important role in the global economy. In addition, many developers are in Southeast Asia and we feel the demand in the market, so we position it as an important region like Japan.

The article is for members only. Please sign up to continue reading.

SHARE
  • sns-x-icon
  • sns-facebook-icon
  • sns-line-icon
Side Banner
Side Banner
日本暗号資産ビジネス協会 Japan Cryptoasset Business Association
MAGAZINE
Iolite Vol.15

Iolite Vol.15

September 2025 issueReleased on 2025/07/30

Interview Iolite FACE vol.15 Avery Chin, co-founder and CEO of Aptos Labs PHOTO & INTERVIEW Tester Special feature: "How to master workplace relationships! Using MBTI", "Riding the waves of the 'first year of AI agents'!", "Is Bitcoin the savior of companies? The forefront of treasury strategies", "Management strategies learned from villains" Crypto Journey: "The intersection of Web 3.0 and social contribution" Interview with Gracie Chen, CEO of Bitget Series: "Expert perspectives on interpreting the fluctuating cryptocurrency market" Virtual NISHI Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.15

September 2025 issueReleased on 2025/07/30
Interview Iolite FACE vol.15 Avery Chin, co-founder and CEO of Aptos Labs PHOTO & INTERVIEW Tester Special feature: "How to master workplace relationships! Using MBTI", "Riding the waves of the 'first year of AI agents'!", "Is Bitcoin the savior of companies? The forefront of treasury strategies", "Management strategies learned from villains" Crypto Journey: "The intersection of Web 3.0 and social contribution" Interview with Gracie Chen, CEO of Bitget Series: "Expert perspectives on interpreting the fluctuating cryptocurrency market" Virtual NISHI Series: Tech and Future Toshinao Sasaki, etc.