Kraken Blog/
Stablecoins are rewriting global finance. Where is Canada?
Canada's Bill C-15 (Stablecoin Act) formally recognizes stablecoins as payment infrastructure, but industry participants highlight concerns regarding a broad prohibition on interest or yield and regulatory fragmentation. Kraken has listed QCAD, the first fully compliant CAD stablecoin, and introduced rewards for holders despite these legislative hurdles.
medium impactneutralQCADUSDC
Why It Matters
The legislation establishes a legal foundation for stablecoins in Canada but risks making CAD-denominated assets uncompetitive against USD counterparts due to strict yield restrictions and jurisdictional overlaps between federal and provincial regulators.