Canada’s Draft Stablecoin Rules Cap Redemption Fees at 1% and Ban Yield

3 outlets reporting

Your call?🐂 Bullish🐻 Bearish

1%

redemption fee cap

$USDC

$71.11B mcap

$USDT

$182.25B mcap

Ottawa opened a 60-day consultation on draft rules requiring one-to-one reserves and fast redemption from stablecoin issuers, while keeping the ban on paying holders interest.