Canada’s Stablecoin Draft Allows Usage Rewards, Bars Issuers Paying Yield via Third Parties

6 outlets reporting

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1%

redemption fee cap

$USDT

$182.28B mcap

$USDC

$71.13B mcap

Proposed regulations from Canada's Department of Finance, open for comment until Dec. 23, also cap redemption fees at 1% and target a fall 2027 start.