According to the source, Canada’s 2025 federal budget introduces a stablecoin regulatory framework requiring issuers to maintain sufficient reserves and robust risk management, as stated in Department of Finance Canada budget materials (Government of Canada, Budget 2025). For traders, these requirements govern issuer operations and exchange compliance for stablecoins like USDC and USDT in Canada’s market, aligning with federal guidance and OSFI’s interim approach to fiat-referenced cryptoassets in 2024 (Office of the Superintendent of Financial Institutions, 2024; Government of Canada, Budget 2025).