Regulation
Canada Drafts 1:1 Stablecoin Reserve Rules and Maintains Yield Ban
Canada’s draft stablecoin rules would require reserves equal to outstanding tokens, using only specified high-quality liquid assets held with qualified Canadian custodians. Issuers would need to redeem stablecoins one-to-one within three business days, while redemption fees would be capped at 1% under the proposal.
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