Canada proposes direct stablecoin redemptions with 1% fee cap
- —Redemption at par with no minimum amount and a 1% fee ceiling
- —Three-business-day settlement; seven days' notice before fee changes
- —Daily limits allowed during reserve-asset liquidity shortfalls
- —Stablecoin Act received royal assent March 26; rollout targeted for fall 2027
Why it matters: The rules would give retail holders an exit route beyond exchanges and set a par-redemption benchmark for issuers such as Circle.
Source: CryptoSlate