It’s time for Canada to take control of stablecoins

Like any critical financial sector infrastructure, these digital tokens need a regulatory framework that balances innovation and consumer protection and financial stability.

Budget 2025 says the government intends to introduce legislation to regulate stablecoins, with the the Bank of Canada spending $10-million over two years to administer the ensuing legislation starting in 2026-27.The Hill Times photograph by Andrew Meade

Opinion

BY JEREMY KRONICK, PETER MACKENZIE, MARK ZELMER

November 6, 2025

Privately-issued stablecoins—digital tokens designed to maintain a fixed value relative to a fiat currency—are often hailed as the next big leap in payments technology. They promise cheaper, instant, cross-border transfers, 24/7 settlement, and the efficiencies of blockc...

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