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Canada draft rules would ban interest on stablecoin holdings

NewsFeeds update

Canada's draft stablecoin framework would bar issuers from paying interest on holdings, including indirect yield via third parties, and require full reserves in segregated Canadian custodial accounts. Redemptions would be due within three business days, with fees capped at 1%, and the rules are targeted for autumn 2027.

StablecoinsCoinNessAIBearish

Read the original on CoinNess

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Every Stablecoins update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.