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flag Canada urges strict rules for stablecoins to ensure safety, transparency, and reliability as digital money.

flag The Bank of Canada, led by Governor Tiff Macklem, is pushing for stablecoins to meet strict standards of stability, transparency, and security, aiming to ensure they function as reliable digital money. flag While not issuing its own central bank digital currency, the bank is working with regulators and industry to create a framework that promotes innovation while protecting consumers and preventing financial risks. flag Only stablecoins backed by safe, liquid assets and properly regulated will be approved, with the goal of making them trustworthy and accessible forms of payment.

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