← The Polylog Crypto Intelligence Brief
Morning Edition · Tuesday, November 10, 2026Published at 12:42 AM EST · New York
Canada's Budget Would Require Banks to Issue Stablecoins Through Subsidiaries Outside Deposit Protection
Budget 2026 would also extend the Stablecoin Act to some foreign institutions that Canada does not prudentially supervise, while Circle moved the fund behind its USYC token into longer-dated Treasury bills.
Canada's Budget 2026 would let banks into stablecoins on a condition. Banks and other federally regulated financial institutions could not issue stablecoins themselves. According to Gowling WLG, they would have to issue through subsidiaries…
Continue the Crypto Intelligence Brief
Track on-chain flows, protocol shifts, stablecoins, and regulation.
- 5 crypto intelligence signals a day
- Tracked crypto trends, day over day
- Stablecoin and regulatory movement
- Source-grounded analysis with confidence labels
The Global Intelligence Brief stays free.
Part of a tracked trend
Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
Townsquare
Start a discussion in Townsquare.
More from this edition
- North Korean Launderers Mint Their Own Memecoins on NEAR to Move Binance Hack Proceeds, Elliptic Says
- Coinkite's Chief Executive Defends Coldcard Reviews and Says an AI Model Found the Seed Flaw Humans Missed
- Brazil's Mercado Bitcoin Loses About $38 Million From Hot Wallets as ACryptoS and Ankr Suffer Smaller Exploits
- XRP Ledger Foundation Maps Out Quantum-Resistant Accounts With No Added Fees and a Full Transition by 2028
- Miden Packages Its Privacy Tools as a "PriFi" Stack and Ships the Bread Wallet, While Aztec Demonstrates Anonymous Posting
- Binance Will Close Accounts in France, Spain, Italy and Poland on December 31 and Charge Idle Balances From November 29
- Cardano's Leios Upgrade Needs a Setting the Draft Constitution Forbids, and Researcher Kevin Hammond Proposes Emergency Exceptions
Comments
0No comments yet.