On May 13, 2025, Coinbase announced an investment in Stablecorp, a Canadian stablecoin issuer, to enhance access to fiat-backed stablecoins within Canada’s regulatory landscape.
This strategic move by Coinbase aims to shape stablecoin regulation in Canada, recognizing their importance in modernizing the digital economy.
Coinbase’s investment is part of its mission to support a federal stablecoin framework in Canada, following its April 2024 registration as a Restricted Dealer with the Canadian Securities Administrators.
Stablecorp, a key Canadian stablecoin issuer, gains significant backing from Coinbase, underscoring confidence in Canada’s regulated crypto environment and alignment with the Value-Referenced Crypto Asset (VRCA) requirements.
