Bank of Canada Moves into Stablecoins

The Bank of Canada is preparing to oversee Canadian-dollar stablecoins—digital tokens backed by cash or government securities and redeemable at par—marking a significant shift in how digital payments intersect with monetary policy. Though privately issued, these stablecoins would operate within a central-bank-regulated framework aimed at maintaining financial stability and protecting the role of the Canadian dollar in an increasingly digital economy.

#bankofcanada #stablecoin #canadianeconomy

Links:

Money you can count on / De l’argent sur lequel vous pouvez compter:

   • Money you can count on / De l’argent sur l...  

Bank of Canada wants stablecoins to be backed by high-quality liquid assets:

https://www.reuters.com/business/bank...

Canada Approves Budget That Advances Policy for Stablecoins:

https://ca.finance.yahoo.com/news/can...

Canada unveils draft Stablecoin Act to regulate fiat-backed digital assets:

https://www.lexpert.ca/news/legal-ins...

It’s time for Canada to take control of stablecoins:

https://cdhowe.org/publication/its-ti...

III. The next-generation monetary and financial system:

https://www.bis.org/publ/arpdf/ar2025...

From hype to hazard: what stablecoins mean for Europe:

https://www.ecb.europa.eu/press/blog/...

Macklem emphasizes need for ‘good’ money as BoC set to regulate stablecoins:

https://www.theglobeandmail.com/busin...

Stablecoins and Their Risks to Financial Stability:

https://www.bankofcanada.ca/2022/11/s...

Consumers’ Awareness, Use and Understanding of Stablecoins:

https://www.canada.ca/en/financial-co...

Stablecoins: risks, potential and regulation:

https://www.bis.org/publ/work905.pdf

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