Ensuring Consumer Protection and Financial Stability in an Evolving Digital Economy
GRI calls for prioritizing the regulation of stablecoins in Canada in this paper by Timothy Lane, former Deputy Governor of the Bank of Canada. Drawing on global developments such as the U.S. GENIUS Act, this report outlines three key takeaways: (1) a lead regulator must be appointed; (2) stablecoins pose systemic risks beyond crypto, affecting financial stability and monetary sovereignty; and (3) international coordination is vital for managing foreign issued stablecoins.