The Bank of Canada has signaled it will only approve high-quality stablecoins tied to central bank currencies to ensure stablecoins serve as “good money” under the country’s upcoming stablecoin regulations, expected in 2026.
“We want stablecoins to be good money, like bank notes or money on deposit at banks,” Governor Tiff Macklem told the Montreal Chamber of Commerce on Tuesday.
Stablecoins should be pegged 1:1 to fiat: Macklem
Macklem wants the stablecoins to be pegged at a…
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