[Canada Plans to Introduce Stablecoin Regulatory Legislation in the 2025 Federal Budget Framework] Canada plans to establish regulatory legislation for fiat-collateralized stablecoins under its 2025 federal budget framework. According to the 2025 budget released by the Canadian government, stablecoin issuers will be required to meet the following conditions: hold sufficient reserves, establish redemption policies, and implement risk management frameworks that include the protection of personal and financial data. To support the implementation of regulatory efforts, the Bank of Canada will allocate CAD 10 million during the 2026-2027 fiscal year and expects ongoing regulatory costs of approximately CAD 5 million annually. These costs will be borne by stablecoin issuers under the Retail Payment Activities Act. This plan is part of Canada’s "Payment System Modernization" strategy, aimed at providing the nation’s 41.7 million people with a faster, lower-cost, and secure digital payment environment. The United States’ passage of the Stablecoin Regulation GENIUS Act four months ago has served as a driving force for Canada.