Scotiabank: Canada’s Stablecoins to Revolutionize Payments, Not Financial System

Scotiabank’s latest report reveals a cautious view on the impact of stablecoin regulations in Canada. While acknowledging their potential for financial innovation, the bank highlights that stablecoin usage will primarily enhance payment infrastructure, particularly for international transactions. However, they expect these changes to be limited to the payments space and not significantly disrupt Canada’s broader financial system.