🇷🇺 The Canadian Securities Association (CSA) has provided guidance on stablecoin trading for cryptocurrency exchanges and issuers. Basic conditions:
- Stablecoins must be pegged to one fiat currency
- Issuers must maintain an adequate reserve of assets with a qualified custodian
- Exchanges must provide information on the management, operations and reserves of assets
The CSA warned that trading stablecoins remains risky and their use does not guarantee security. The current stablecoin market capitalization is $123 billion, which is about 11% of the total crypto market capitalization.
- Stablecoins must be pegged to one fiat currency
- Issuers must maintain an adequate reserve of assets with a qualified custodian
- Exchanges must provide information on the management, operations and reserves of assets
The CSA warned that trading stablecoins remains risky and their use does not guarantee security. The current stablecoin market capitalization is $123 billion, which is about 11% of the total crypto market capitalization.