Canada opens consultation on draft stablecoin rules, maintains ban on yields

Crypto Insight Summary: Under the draft rules, non-bank stablecoin issuers must back tokens 1:1 with reserves held at qualified Canadian institutions and settle redemptions within three business days. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Stablecoin regulations provide clarity but limited market impact due to existing compliance practices.