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Circle Announces Becoming First Stablecoin Issuer to Meet Canada’s New Listing Rules

Circle Announces Becoming First Stablecoin Issuer to Meet Canada’s New Listing Rules

Bitget2024/12/05 01:30

In an announcement, Circle said its regulated subsidiary became the first stablecoin issuer to commit to comply with the requirements of the Ontario Securities Commission (OSC) and the Canadian Securities Administrators (CSA) for value-referenced cryptoassets (VRCAs).

This helps Circle’s U.S. dollar-denominated stablecoin USDC be made available on a registered crypto-asset trading platform in the Canadian market. Registered crypto-asset trading platforms operating in Canada and complying with VRCA requirements can continue to offer USDC beyond the CSA’s December 31, 2024 deadline for delisting non-compliant stablecoins.

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