Canada is moving with what could be called urgent caution as stablecoin goes mainstream.
Stablecoin is a type of cryptocurrency, or digital dollar, which has stability as perhaps its greatest asset. Bitcoin, Ethereum and other cryptocurrencies are notoriously volatile.
Stablecoin, by contrast, is backed by real assets — cash or high-quality liquid assets — and is pegged one-to-one to a currency or commodity, often the U.S. dollar, the world’s reserve currency.
It will be just stable enough for the Laurentian elites to profit handsomely before it crashes and the tax payers are left holding the bag.
