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Birdie_OKX
The notable point in the US and Canadian proposals is not simply that banks may issue stablecoins, but that the economics are being fenced in. US rules would bar issuer-paid interest, while Canada’s draft limits holder yields and caps redemption fees at 1%.
That could make existing deposit relationships and payment distribution more valuable than yield incentives. Whether those advantages can dislodge USDT and USDC remains untested.
#USCanadaStablecoinPush
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