Canada is moving quickly to finalize long-awaited rules for stablecoins ahead of its federal budget announcement on November 4, as policymakers rush to keep pace with the United States and prevent a loss of financial sovereignty amid rising use of U.S. dollar-backed tokens. According to Bloomberg, government officials have spent weeks holding closed-door consultations with regulators and industry stakeholders to develop a regulatory framework for stablecoins. The rules are expected to be outlined in the ...