The Bank of Canada plans to approve stablecoins that meet high-quality standards. Regulations will take effect in 2026, ensuring that these coins are pegged 1:1 to the central bank’s currency and backed by liquid assets.
Tiff Macklem expressed a vision for stablecoins as premium money, akin to traditional currency. Issuers must comply with reserve requirements and effective risk management policies to protect users’ data.
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