Canada proposes direct stablecoin cash-outs with 1% fee cap
AI summary
Canada has proposed rules letting small stablecoin holders redeem their tokens directly for cash, with no minimum redemption amount and a 1% cap on fees. The framework also flags that illiquidity in reserve markets could limit how much can be withdrawn daily, and that access to banking services would still be a practical constraint. Traders would care because redemption rights and fee caps shape stablecoin liquidity and confidence, though the proposal is not yet law.
