Canada Introduces Stablecoin Rules, Modernizing Payments in 2025 Budget

Canada has taken a decisive step toward regulating stablecoins, digital currencies tied to assets like cash or other securities. The country’s 2025 federal budget outlines a framework for these regulations, allocating $10 million from the Bank of Canada over two years to oversee their implementation. Later, these costs will be recouped from issuers who operate under this new regulatory regime, estimated at around $5 million annually. This follows the U.S. GENIUS Act, signed by President Trump in July 2025, which established the first federal guidelines for stablecoins.