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Bank of Canada: Potential Benefits and Key Risks of Fiat-Referenced Cryptoassets

The Canadian central bank issued an analytic note on fiat-referenced crypto assets, also known as stablecoins, emphasizing need for stablecoin regulation as legislation is tabled.
Bank of Canada: Potential Benefits and Key Risks of Fiat-Referenced Cryptoassets
Bank of Canada
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The Bank of Canada is a Crown corporation and Canada's central bank. Chartered in 1934 under the Bank of Canada Act, it is responsible for formulating Canada's monetary policy, and for the promotion of a safe and sound financial system within Canada.