On Oct 26, 2026, Canadian lawmakers opened a 60-day public consultation to gather feedback on proposed stablecoin rules. The framework specifically addresses tokens issued by non-financial institutions as part of the country's potential Stablecoin Act.
A key element of the proposed policy includes a possible prohibition on yield payments for stablecoin holders. Canadian officials initiated this regulatory step while referencing the US GENIUS Act.
The news comes as major cryptocurrencies show varied price activity, with Bitcoin at $80,206.78 and Ethereum at $2,328.07. Related tokens recorded prices such as Solana at $100.99, BNB at $744.70, and Cardano at $0.2068.
For traders carrying perpetual futures positions across major exchanges, this public feedback period alters nothing directly. Funding rates, exchange fees, and market liquidity remain completely unchanged while the Canadian government collects comments.
Source: cointelegraph — Canada opens consultation on stablecoins, citing US GENIUS Act