Canada Needs a Loonie-Linked Digital Currency, Policy Experts Say

Such a task by the Bank of Canada will need any prospective stablecoins to be well developed and managed to make them appealing to Canadians, Zelmer and Kronick composed. The digital currency needs to likewise be provided in token kind, with decentralized innovation for settling deals, enabling Canadians to maintain the majority of the advantages of a paper currency, the authors included.