Canada lags behind as world leaders move towards stablecoin
In May 2023, there was a buzz when the Bank of Canada announced its intention to research the use of central bank digital currency (CBDC). However, no supplementary news on the digital dollar has emerged from the country's central bank in the years that have followed.
What has gained continuous traction is the rise of stablecoins on the Canadian market. These digital currencies are tied to commodities like gold or a state currency. For example, the USD-pegged Tether fluctuates in value in tan...
What has gained continuous traction is the rise of stablecoins on the Canadian market. These digital currencies are tied to commodities like gold or a state currency. For example, the USD-pegged Tether fluctuates in value in tan...