Stablecoins have increasingly begun to enter the mainstream with previously reticent policy makers, regulators, and financial institutions now shifting toward regulatory frameworks that seem more supportive of their development. The U.S. has been the most aggressive with the recent passage of the GENIUS Act, but Canadian officials have taken notice and begun to speak openly about the issue.

Mohamed Zohiri is a Legal Counsel and Fintech Advisor at the Alberta Securities Commission who has focused on stablecoins and their regulation for many years both during his graduate legal work and at the ASC. He joins the Law Bytes podcast to provide an introduction to stablecoins, examines the new U.S. legislation that may spark increased investment, and outlines where Canada currently stands on the issue.