Bank of Canada wants stablecoins to be backed by high-quality liquid assets

Canada Pushes For Strong Reserve Backing For Stablecoins

Canada's central bank says any future stablecoins must be fully backed by high-quality liquid assets and pegged one-to-one.

Bank of Canada wants stablecoins to be backed by high-quality liquid assets

OTTAWA, Dec 16 : The Bank of Canada says regulations on future Canadian stablecoins must ensure they are backed by high-quality liquid assets and be pegged one-to-one to a central bank currency, Governor Tiff Macklem said on Tuesday.The Liberal government said in November that it would be introducing regula

Bank of Canada to approve only high quality stablecoins

The Bank of Canada has provided explicit guidance on the future of stablecoins. High-quality, well-supported digital tokens are the only type that will be approved under the new rules expected to come into force in 2026.  The central bank hopes that stablecoins will be operated like real money, rather than investment products that could pose risks to financial stability. Bank of Canada Governor Tiff Macklem said that all stablecoins must be safe…

Canada to Approve Only Trusted 'Good Money' Stablecoins for Valid Transactions

Canada Moves Toward Regulating Stablecoins as the Country Aims for Digital Financial Innovation The Bank of Canada has announced that it will only approve high-quality stablecoins that are tied to central bank currencies, reflecting a cautious approach to integrating digital assets into the country’s financial system. This move aligns with broader efforts to modernize Canada’s financial infrastructure, ensuring stablecoin adoption is both secure…

Bank of Canada lays out criteria for ‘good money’ stablecoins

Bank of Canada Governor Tiff Macklem said it will only approve stablecoins pegged at a one-to-one ratio with a central bank currency and backed by “high-quality liquid assets.”