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

Canada’s Approach to Stablecoins Explained: Safety First, Innovation Second

Canada will permit only stablecoins pegged one-to-one to a central bank currency like the Canadian dollar. Approved stablecoins must be backed by high-quality liquid assets such as government bonds and Treasury bills. Issuers will face strict reserve, redemption, and risk management requirements under the new framework. Canada’s central bank says only tightly controlled stablecoins will be allowed in the country’s financial system.  Bank of Cana…

Bank of Canada lays out strict standards for stablecoins ahead of 2026 regulations

The Bank of Canada has laid out strict standards for stablecoins as the country looks to implement a regulatory framework for the sector in 2026. While addressing the Montreal Chamber of Commerce, Bank of Canada Governor Tiff Macklem stressed that…

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…