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Canada to Regulate Stablecoins with Strict Reserve and Redemption Rules by 2026

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Canada will regulate stablecoins under strict reserve and redemption rules by 2026, focusing on liquidity and crypto markets. Only stablecoins pegged one-to-one to the Canadian dollar and backed by high-quality assets like government bonds will be allowed. Bank of Canada Governor Tiff Macklem stressed the need for stablecoins to act like traditional money, with clear risk management and Countering the Financing of Terrorism measures. A new legal framework, led by the central bank, will balance innovation and financial stability.
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