Morning Edition · Monday, October 26, 2026Published at 1:45 AM EDT · New York

Canada Proposes Stablecoin Rules Guaranteeing Face-Value Redemption for Any Balance With Fees Capped at 1%

The draft regulations, published in the Canada Gazette on Oct. 24, would require redemption within three business days under Bank of Canada oversight and are meant to take effect in fall 2027.

Canada's Department of Finance has published draft stablecoin regulations that would require covered issuers to redeem tokens one-for-one in the reference currency for holders of any balance. Redemption fees would be capped at 1% of the amo…