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Canada opens consultation on draft stablecoin rules, maintains ban on yields
Fact
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.
Our reading: what this means for prices
- Which assets it moves and in which direction
- How long the effect is likely to last
Flash items are classified by an AI model from a single source and published within minutes. The fact is the source's; the reading is ours. Not financial advice.