🇨🇦 The Bank of Canada has said it will only approve high-quality stablecoins under its upcoming stablecoin framework, expected in 2026, emphasizing that they must function as “good money” comparable to cash.
Governor Tiff Macklem says approved stablecoins should be pegged 1:1 to a central bank currency and/or backed by high-quality, liquid assets such as government bonds or Treasury bills.
