Circle announces it is the first stablecoin issuer to meet Canada’s new listing rules
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2024-12-05 05:02 9,221
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Golden Finance reported that Circle announced that its regulated subsidiary has become the first stablecoin issuer to commit to comply with the Ontario Securities Commission (OSC) and Canadian Securities Administrators (CSA) value reference cryptoassets (VRCAs) requirements. 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 to delist non-compliant stablecoins.