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.

El poder de las emociones | Erika Landa | Ep. 6 | T1