Cryptocurrency News & Market Updates


Stablecoins are rewriting global finance. Where is Canada?
Stablecoins are rewriting global finance. Where is Canada?

TL;DR

  • Bill C-15 (Stablecoin Act) formally recognizes stablecoins as payment infrastructure, giving Canada a foundation to compete in a global stablecoin market that has surpassed $400 billion CAD.

  • The Act’s blanket prohibition on paying interest or yield “directly or indirectly” is broad enough to capture activity-based rewards, leaving CAD stablecoins unable to compete with USD instruments that pay holders.

  • Regulatory fragmentation across provincial and federal frameworks has left three CAD stablecoins under three regimes; the implementing regulations need a clear federal paramountcy provision.

  • Kraken is the first platform to list QCAD, Canada’s first fully compliant CAD stablecoin, and now enables holders to earn rewards.

Canada is at an inflection point. With the passage of Bill C-15 (Stablecoin Act), the country has taken a meaningful step forward, formally recognizing stablecoins as payment infrastructure and laying the groundwork for a regulatory framework that positions Canada as a serious participant in the next generation of global finance. That work was hard-won, and it matters.

Jun 4, 20266 min read