What are Stablecoins and why are they important for Canada?

Stablecoins are digital currencies tied to stable assets like the U.S. dollar. They help make digital payments faster and cheaper. For Canada, they could modernize transactions and strengthen the financial system if properly regulated.

Why did Desjardins warn about Canada falling behind the U.S. in Stablecoins?

Desjardins warned that Canada’s slow regulatory approach could make it lose competitiveness to the U.S., where clear rules and pilot programs for Stablecoins are already advancing.

How is the U.S. ahead of Canada in digital payments?

The U.S. has taken faster action with Stablecoin regulation, including pilot projects with major firms like Circle and PayPal. In contrast, Canada’s framework is still being studied, which delays innovation.

What could happen if Canada delays Stablecoin regulation?

If Canada waits too long, fintech startups may move to the U.S., investors might avoid uncertainty, and consumers could miss out on cheaper and faster digital payment systems.

How can Canada catch up in the stablecoin race?

Experts suggest Canada should set clear rules, support central bank digital currency (CBDC) research, and encourage fintech collaboration. This would boost innovation while ensuring financial safety.

Global Market Insights

Stablecoins: Canada may fall behind U.S. in digital payments race, warns Desjardins

ByRubaisha October 21, 2025October 21, 2025

Canada faces a crossroads on digital payments. A new Desjardins report warns that Stablecoins could reshape payments, and Canada risks falling behind the United States unless policy moves faster. The study says clear rules and faster pilots are needed to protect consumers and keep fintech firms competitive.