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Wire · operational-macro

Canada opens stablecoin consultation

Published

26 October 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

Canada

◆ Source

Read at finextra.com →

◆ Verified

Fusion42 · 27 October 2026 · Fusion42 review

Canada has launched a 60-day public consultation on draft regulations for stablecoins that would maintain a ban on yield payments and require stablecoin issuers to hold reserves 1:1 with tokens, settle redemptions within three business days, and cap fees at one per cent.

This Wire brief sits within Fusion42's coverage of Fintech, and 3 sources have reported it.

◆ ◆ The Wire takeaway

Canada's stablecoin rules block yield payments and impose strict reserve and redemption standards, forcing you to rethink stablecoin offerings and compliance to stay competitive against banks exploring tokenised deposits.

◆ Coverage

3 sources · 26 Oct 2026

◆ Related on Wire

◆ Topics

Fintechstablecoinsregulationpublic-consultationbankingfintechyield-payment-ban