Canada Proposes Stablecoin Redemption Rules With 1% Fee Cap

TLDR Canada’s proposed stablecoin rules, published Oct. 24, would let covered holders redeem any amount with no minimum. Issuers would have to complete redemptions within three business days, with fees capped at 1%. Issuers could set daily limits if reserve-asset markets face a liquidity shortfall. Circle currently limits direct USDC redemption to institutions with a [...]

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