As Canada prepares for its November 2025 budget, regulatory discussions regarding stablecoins are gaining momentum. Finance Minister Chrystia Freeland is expected to address the topic, signaling a potential policy roadmap for these digital assets. This move follows the United States’ enactment of the GENIUS Act in July 2025, which establishes a comprehensive framework for US dollar-pegged payment stablecoins. Discussions between Canadian government officials and industry leaders have focused on establishing clear licensing structures for stablecoin issuers and intermediaries, while ensuring compliance with anti-money laundering and consumer protection regulations.