Canada Proposes Stablecoin Redemptions at Any Balance, Fees Capped at 1%

2 outlets reporting

Your call?🐂 Bullish🐻 Bearish

1%

redemption fee cap

$USDT

$182.37B mcap

$USDC

$71.48B mcap

Daily limits would be allowed only if reserve-market liquidity shortages prevent an issuer from meeting all requests. The three-day period covers the issuer’s required steps, including starting a fiat transfer.