The announcement followed the banking regulator finalizing its rules for the GENIUS Act, a stablecoin law to be implemented in January
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Ottawa opened a 60-day consultation on draft rules requiring one-to-one reserves and fast redemption from stablecoin issuers, while keeping the ban on paying holders interest.
The new index tracks rental prices for five Nvidia GPUs, offering leveraged trading and potential hedging against fluctuations in AI computing costs.
The product moves USDC and peso-pegged MXNB into noncustodial lending vaults, with variable returns and no deposit insurance.
The agreement, which follows similar deals with MLB and NHL, establishes information-sharing to guard against insider trading as sports betting migrates to CFTC-regulated venues.
Link says funded balances are held in USDC, while Tempo founder Matt Huang says stablecoins on its blockchain power the feature.
As part of the potential implementation of its Stablecoin Act, the Canadian government will hear from the public on a proposed framework for tokens from non-financial institutions.
