[Bank of Canada Plans to Approve Only High-Quality Stablecoins Pegged to Central Bank Currency Under New Rules in 2026] The Bank of Canada stated that under new regulations expected to be introduced in 2026, only high-quality stablecoins pegged to central bank currency will be approved to ensure they serve as "premium money." Governor Tiff Macklem emphasized the hope that stablecoins could become a form of premium money, similar to cash or demand deposits. He proposed that stablecoins must maintain a 1:1 peg with central bank currency and that reserves should consist of highly liquid, high-quality assets such as short-term government bonds. This statement follows the release of the 2025 annual budget report in early November, which requires issuers to hold sufficient reserves and establish redemption and risk control frameworks.