🇨🇦 The Canadian Securities Commission (CSA) has released new guidelines for stablecoins, highlighting their importance:

- Crypto service providers can offer services for stablecoins linked to a single fiat currency

- Transparency is needed regarding reserves and governance of stablecoins to protect investors

- The goal of the CSA is to establish clear guidelines for stablecoins in Canada

- Key provisions include requirements for asset reserves and availability of information about stablecoins for investors

- CSA warns of risks associated with investing in stablecoins compared to fiat currencies