Bank of Canada Sets Strict One-to-One Peg and Liquid Reserve Rules for Future Stablecoins

The Bank of Canada has outlined that any future Canadian stablecoins must maintain a one-to-one peg with central bank money and be fully backed by high-quality liquid assets to ensure convertibility at par. Governor Tiff Macklem also called for clear, fee-free redemption terms and tied stablecoin oversight to broader payments and open banking modernization expected to advance by 2026.