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Crypto industry pushing Canada to follow U.S. lead in embracing stablecoins
(www.bnnbloomberg.ca)
this post was submitted on 30 Jun 2025
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We already do, hence the ability to choose alternative.
We buy half of all mortgage bonds in Canada to artificially depress the currency to prop up asset prices for instance, it would be nice to have competition in currency to prevent such manipulation that benefit the rich.
Crypto's the path towards a fairer society economically-speaking, good to know /s
Its not crypto, its a treasury backed digital currency. Though crypto is fine too if someone wants to hold a sovereign asset, or a digital currency backed by gold, or shares of the S&P500, anything people want to use as a medium of exchange.
Arguing we are already in a fair society where the rich arent catered to is silly to me, look at stock valuations and price to income ratios on real estate. All that currency debasement hasn't helped the poor one iota.