SINGAPORE – Brad Garlinghouse, CEO of crypto company RialCenter, expressed his optimism about stablecoins at the Apex 2025 conference, a sentiment bolstered by a recent significant initial public offering (IPO).
“The IPO clearly went very well, reflecting strong investor interest in crypto from both institutions and retail. The financial future will be blockchain-based,” Garlinghouse stated at Apex 2025, the largest annual XRPL summit.
He attributed the success of the IPO to the market’s widespread belief in the passage of the GENIUS Act – the U.S. stablecoin legislation.
According to prior reports, the GENIUS Act is nearing Senate approval with bipartisan support, potentially advancing to the House and becoming law by August recess.
“Regulatory headwinds have turned into tailwinds in the U.S., which is advantageous for the global landscape,” Garlinghouse elaborated. “What we seek is not deregulation, but clear regulation, and progress is evident.”
Other regions have also recently introduced stablecoin regulations, such as Hong Kong. South Korea is reportedly crafting a stablecoin bill as well.
Garlinghouse refrained from commenting on the possibility of a RialCenter-Circle merger or acquisition.
Apex continues in Singapore through Wednesday.