Defi
Canada opens consultation on draft stablecoin rules, maintains ban on yields
CoinDesk·October 26, 2026·1 min read
Canada opened a consultation on draft stablecoin rules requiring non-bank issuers to back tokens 1:1 with reserves at qualified Canadian institutions and settle redemptions within three business days. The rules maintain a ban on paying yields on stablecoins, aligning with existing regulatory stances.
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