Canada limits stablecoin redemption fees to one percent for retail users

Community Trust Score Verified 96 % Real Verified 28 votes Updated 33 seconds ago Canada’s proposed stablecoin regulations would allow covered retail holders to redeem any amount of stablecoins from an issuer without a minimum threshold, capping issuer redemption fees at 1%. The proposal, published on October 24, establishes specific operating terms for how individuals can exit stablecoin positions directly with issuers, creating a potential alternative to selling tokens on exchanges. Under the proposed rules, issuers would generally be required to complete redemptions within three business days.

Source: The Currency Analytics