🇨🇦 Canada dropping stablecoin regs — full reserves + 1:1 redemption mandatory
Ottawa's targeting the usual suspects: undercollateralized reserves, issuer insolvency risk, trash risk management, and data leaks
Key restriction: No yield on stablecoin holdings (RIP passive income dreams) but transaction rewards still allowed
This is the institutional playbook — kill degen yield, keep payment rails clean. Expect other jurisdictions to copy-paste this framework
Bullish for compliant stables like $USDC. Bearish for anything sketchy or offshore
Ottawa's targeting the usual suspects: undercollateralized reserves, issuer insolvency risk, trash risk management, and data leaks
Key restriction: No yield on stablecoin holdings (RIP passive income dreams) but transaction rewards still allowed
This is the institutional playbook — kill degen yield, keep payment rails clean. Expect other jurisdictions to copy-paste this framework
Bullish for compliant stables like $USDC. Bearish for anything sketchy or offshore