Tax consultants Deloitte Canada and financial technology firm Stablecorp have teamed up to launch the first stablecoin infrastructure for the Canadian marketplace.
The two companies, each privately held, say the stablecoin infrastructure will benefit financial institutions throughout Canada.
The collaboration on building stablecoin infrastructure for the Canadian market comes ahead of the federal government in Ottawa’s highly-anticipated stablecoin legislation (Bill C-15).
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That legislation is expected to set guidelines and rules around stablecoin use and adoption in Canada, paving the way for greater digital asset innovation in the country.
“Stablecoins present a significant opportunity for Canada's payments landscape,” said Soumak Chatterjee, a partner at professional services firm Deloitte, in a news release.
Stablecoins are cryptocurrencies whose value is pegged to another asset, typically the U.S. dollar or price of gold (TVC: $GOLD).
However, there is growing interest in launching stablecoins that are pegged 1:1 to the Canadian dollar, popularly known as the “loonie.”
The two companies said that they are aiming to combine Deloitte's extensive experience in payments and financial services with Stablecorp's digital asset infrastructure.
The stablecoin infrastructure will advance blockchain technology and increase the speed, reliability and traceability of financial transactions carried out in Canada and abroad.
“We believe the benefits of the Canadian digital dollar should be accessible to everyone,” said Stablecorp CEO Kesem Frank in the news release.
Owing to their stability and reliability, stablecoins have become one of the fastest growing segments of the cryptocurrency market.
As of March 2026, the global stablecoin market had a market capitalization of $316 billion U.S.