Garlinghouse points to the efficiency, speed, and cost-effectiveness of stablecoin transactions. He argues that these attributes can improve payment systems, reduce friction in financial transactions, and foster greater financial inclusion.
The Ripple CEO stresses that embracing stablecoins would position the U.S. at the forefront of fintech innovation. By providing a clear regulatory framework, the U.S. can encourage responsible development and adoption of this technology.
Garlinghouse's advocacy underscores the importance of regulatory clarity for stablecoins. He believes that clear rules are essential for fostering innovation, protecting consumers, and enabling the full potential of these digital assets.