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Western Union to Launch Stablecoin on Solana

Western Union plans to launch its own stablecoin on the Solana blockchain in collaboration with Anchorage Digital. This initiative signifies a notable entry of a traditional finance giant into the blockchain space, aiming to leverage Solana's high throughput and low latency for currency transactions. The partnership with Anchorage Digital will facilitate the stablecoin's regulatory compliance and custody services. The announcement comes amid a growing trend where established financial institutions seek to integrate blockchain technology to enhance their operations and offerings. The stablecoin is expected to be used for remittances and various payment services, reflecting a shift in how established financial entities view digital currencies as instruments within the global financial system.

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Canada Begins March Toward Stablecoin Regulations

In response to the U.S. GENIUS Act, Canadian lawmakers are initiating legislation for Canadian-dollar-backed stablecoins, highlighting the importance of regulatory clarity in this area. The government has announced plans in its Budget 2025 to implement a framework that will require stablecoin issuers to maintain adequate reserves, establish clear redemption

Canada Begins March Toward Stablecoin Regulations

Canada is advancing towards regulating Canadian-dollar-backed stablecoins following the U.S. GENIUS Act. The government, through its Budget 2025, indicated that legislation is forthcoming to establish clear standards for stablecoins, emphasizing the oversight role of the Bank of Canada. This legislative framework will mandate that issuers maintain adequate asset reserves,

Canada Begins March Toward Stablecoin Regulations

On November 5, 2025, the Canadian government announced its commitment to introduce legislation regulating Canadian-dollar-backed stablecoins. This move follows the recent U.S. GENIUS Act and is designed to set clear standards for asset reserves, requiring issuers to maintain adequate reserves and establish redemption policies. The Bank of Canada will