Canada is moving toward regulating dollar-backed stablecoins, and in this episode, Sabrina Maddeaux and Mike Moffatt break down what that means. They explain how stablecoins work, why Canada has been behind other G7 countries, and the potential benefits for payments and innovation.
Mike and Sabrina also discuss the balance between protecting Canadians and encouraging competition, and why clear rules could help Canadian fintechs thrive. A small step with big implications for the future of digital payments in Canada.
Chapters:
00:00 Introduction
00:49 Federal budget: Stablecoin announcement
02:44 What is a stablecoin?
04:40 Advantages of stablecoins over traditional payment methods
07:08 Canada’s missing stablecoin regulatory framework
10:11 Canada should set its own stablecoin rules
11:42 Was skepticism about stablecoin regulation warranted?
12:47 Promoting healthy competition, innovation, and productivity
13:34 Conclusion
Research/links:
Regulatory Delays, Dollar-Backed Stablecoins, and Affordability for Canadians
https://www.missingmiddleinitiative.ca/p/dollar-backed-stablecoins-and-affordability
Federal budget 2025: Plan for stablecoin rules to usher in Canada’s ‘digital dollar era,’ advocates say
https://www.theglobeandmail.com/business/article-federal-budget-2025-stablecoin-legislation/
Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux
Produced by Meredith Martin
This podcast is funded by the Neptis Foundation and brought to you by the Smart Prosperity Institute.
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