Update
Canada Proposes Direct Stablecoin Redemptions
Canada's proposed stablecoin rules would allow covered retail holders to redeem stablecoins directly from issuers without a minimum amount, with a 1% issuer fee cap. Daily limits could override normal timing if reserve-market illiquidity prevents issuers from meeting all requests. The proposal, published on October 24, would normally require redemption within three business days and cap issuer fees at 1%. Coverage would depend on Canadian purchaser-location criteria, the issuing entity, and any applicable exclusions or exemptions.