XRP News Today: Regulators and Institutions Drive Stablecoin's 97% Token Launch Odds

The probability of the "Stable releasing a token this year" event has surged to 97% on Polymarket, reflecting growing market confidence in the project's potential move. This sharp increase aligns with broader trends in the stablecoin sector, where Ethereum-based stablecoin volume hit a record $2.8 trillion in October, driven by yield-seeking traders amid a crypto market slowdown, according to a TradingView report. Analysts attribute the rise in stablecoin activity to innovations like liquid yield tokens and new issuance models, which are attracting users to platforms like Circle's USDC and Tether's USDT.

Regulatory developments are further fueling speculation. Canada announced plans to regulate Canadian-dollar-backed stablecoins in Budget 2025, requiring issuers to maintain 1:1 reserves and robust risk management frameworks, according to a CoinDesk report. The move mirrors the U.S. GENIUS Act and has been praised by crypto advocates for fostering competition and reducing transaction costs, the report added. Meanwhile, the Bank of England pledged to coordinate with U.S. regulators to keep pace with stablecoin oversight, addressing concerns that overly restrictive policies could stifle innovation, according to a Cointelegraph report.

Institutional adoption is another key driver. Mastercard, Ripple, and Gemini recently unveiled a pilot to settle credit card transactions using Ripple's RLUSD stablecoin on the XRP Ledger, marking one of the first instances of a regulated bank integrating stablecoin settlements into traditional payment systems, as noted in a Yahoo Finance article. The initiative aims to enhance efficiency in institutional payments, with RLUSD already reaching $1 billion in circulation, the article noted.

Market dynamics also highlight investor appetite for stablecoin-related projects. For example, Blazpay's AI-focused token presale raised $1 million in Phase 3, with 137 million BLAZ tokens sold at a discount to the seed price, according to a GlobeNewswire release. The project's emphasis on audited security and a multichain ecosystem has drawn significant retail and institutional participation.

Together, these trends underscore a maturing stablecoin ecosystem. As regulatory clarity and institutional infrastructure expand, the likelihood of Stable's token launch appears increasingly probable, with market participants positioning for a potential milestone in 2025.