The Peak Daily Stablecoin FOMO š°- Ottawa opens up to stablecoins, Powerful Alzheimerās drug gets green light.
Oct 28, 2025
Ottawa is exploring the exciting world of stablecoins, contemplating how to avoid missing a pivotal financial shift. Meanwhile, a groundbreaking Alzheimer's drug has just been approved, promising significant benefits at a hefty price. In other news, Prime Minister Carney is set to meet President Xi to discuss trade strategies and potential investment changes. Plus, Lululemon is stepping into the NFL scene with a new apparel collection, showcasing their market strategy and athlete endorsements.
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Stablecoin Race Risks Capital Flight
- Canada risks losing capital flows if it doesn't support a loonie-backed stablecoin as global stablecoin use rises.
- The U.S. law boosting stablecoin legitimacy has already increased stablecoin payments by about 70% and concentrated supply around the U.S. dollar.
Prioritize A Loonie-Backed Stablecoin
- Policymakers should prioritize regulation of a Canadian dollar-backed stablecoin to keep payments and capital in Canada.
- Ottawa can announce major digital currency policy changes in its upcoming budget to avoid falling behind.
Stablecoins Offer Speed but Not Certainty
- Stablecoins peg to fiat to reduce crypto volatility while enabling faster, cheaper blockchain payments.
- Despite the peg, stablecoins can still crash suddenly, so regulatory caution remains warranted.