Canada’s 2025 federal budget puts forward a plan to regulate fiat-backed stablecoins with the purpose of making them a safe and sound part of the country’s financial system. The proposed framework will impose strict standards on reserves, redemption rights, and consumer protection for stablecoin issuers. It also brings non-bank stablecoin providers under federal oversight via amendments to the Retail Payment Activities Act. The move puts Canada in step with global regulatory trends while supporting innovation and cementing trust in digital payments.
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