Wu learned that the Canadian government published a draft of the Stablecoin Regulation in the Official Gazette of Canada on October 24. The draft proposes requiring regulated stablecoin issuers to allow eligible holders to redeem their coins at par value, prohibiting minimum redemption amounts, and requiring redemption processing to be completed within three business days of receiving an application. Redemption fees are limited to 1%. If there is insufficient liquidity in the reserve asset market, issuers may limit the daily redemption amount under certain conditions. The draft also requires stablecoin issuers to maintain at least a 1:1 ratio of eligible reserve assets and prohibits providing holders with interest or returns linked to holding the coins, directly or through third parties. The rules are currently in the public consultation phase and are planned for implementation in the fall of 2027. https://www.(wublock123.com)/news/canada-stablecoin-regulation-draft-redemption-within-3-business-days-70697