‍Bank of Canada Finalizes "Good Money" Stablecoin Standards The Bank of Canada has established strict criteria for stablecoin approval, aiming for them to function as reliable digital assets akin to banknotes. Key requirements include a 1:1 peg to the Canadian dollar, backed by high-quality liquid assets like government bonds. These rules, part of a broader global regulatory trend, will be enforced ahead of new legislation expected in 2026. Canada's move follows advancements in the UK and Hong Kong, and the US GENIUS Act. The stablecoin market is projected to grow significantly.

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Bank of Canada Sets Strict "Good Money" Rules for Stablecoins

The Bank of Canada has outlined its stringent criteria for the approval of stablecoins, signaling a clear regulatory path ahead of new rules expect...