Canada’s central bank will approve only fiat-backed, high-quality stablecoins to ensure they are “good money” as part of the country’s plan to modernize its financial system. The Bank of Canada has signaled it will only approve high-quality stablecoins tied to central bank currencies to ensure stablecoins serve as “good money” under the country’s upcoming stablecoin regulations, expected in 2026. “We want stablecoins to be good money, like bank notes or money on deposit at banks,” Governor Tiff Macklem told the Montreal Chamber of Commerce on Tuesday. Macklem wants the stablecoins to be pegged at a one-to-one ratio to a central bank currency and backed by “high-quality liquid assets” that can be easily converted into cash. Such assets typically include Treasury bills and government bonds. Read more
Bitcoin price held above $85,000, but weakening spot BTC ETF flows and a disappointing end-of-year performance cast doubt on a December rally to $100,000. Key takeaways: Bitcoin ETF outflows and a 31% drawdown from the peak have raised doubts, but metrics indicate that institutional investors are not abandoning Bitcoin. Bitcoin’s shifting correlation with gold and steady volatility suggest price behavior remains intact despite the short-term market pressure. Read more
The company said the funds will support acquisitions, licensing efforts and expanded hiring as it enters new markets. Stablecoin payments company RedotPay has raised $107 million in a Series B round, bringing its total funding in 2025 to $194 million. The round was led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital and Circle Ventures, alongside continued backing from existing investors, including HSG. Founded in Hong Kong, RedotPay offers stablecoin-based payment products, including a card that enables users to spend digital assets, stablecoin-powered payout rails for cross-border transfers, and services that allow users to access and hold stablecoins through multicurrency accounts and a peer-to-peer marketplace. Read more