Ripple CEO Slams US Over Stablecoin Stalemate: ’Regulate or Get Left Behind’

Brad Garlinghouse fires warning shot across Washington’s bow as crypto rivals sprint ahead.

While US regulators bicker over definitions, Tether’s market cap quietly balloons past another ATH—because nothing says ’financial stability’ like an unregulated offshore stablecoin calling the shots.

Rising stablecoin adoption

Garlinghouse’s call to action comes when stablecoin usage is reaching historic levels.

Unlike volatile digital assets like Bitcoin, stablecoins are typically pegged to fiat currencies like the US dollar, offering greater price stability and practical utility in payments and cross-border transactions.

According to data from a16z crypto, stablecoin transaction volumes reached a record high of $1.82 trillion in March 2025, highlighting their growing role in the digital economy.

As a result, traditional financial institutions are beginning to take notice of its significance. Over the past month, companies including Stripe and Meta have signaled increasing interest in the stablecoin sector, reflecting its rising importance in the broader financial ecosystem.