Circle announced that it is the first stablecoin issuer to meet Canada's new listing rules

ChainCatcher news, Circle announced that its regulated subsidiary has become the first stablecoin issuer committed to complying with the Value Referenced Crypto Assets (VRCAs) requirements of the Ontario Securities Commission (OSC) and the Canadian Securities Administrators (CSA).

This helps Circle's USD-pegged stablecoin USDC to be offered on registered crypto asset trading platforms in Canada. Registered crypto asset trading platforms operating in Canada and complying with VRCA requirements can continue to offer USDC after the CSA's deadline of December 31, 2024, for delisting non-compliant stablecoins.