Canada opens stablecoin consultation, citing US GENIUS Act
- —Consultation covers a framework for non-financial-institution token issuers
- —Canada cites the US GENIUS Act as a model for its Stablecoin Act
- —Input is open to the general public
Why it matters: The rules will determine whether non-bank issuers can launch stablecoins in Canada and how they will be supervised.
Source: Cointelegraph