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

Circle announced that its regulated subsidiary became the first stablecoin issuer to commit to complying with the requirements of the Ontario Securities Commission (OSC) and the Canadian Securities Authority (CSA) Value Reference Crypto Assets (VRCAs). This helps Circle's US dollar-denominated stablecoin USDC to be made available on registered crypto asset exchanges in the Canadian market. Registered cryptoasset exchanges operating in Canada and compliant with VRCA requirements can continue to offer USDC beyond the CSA's December 31, 2024 deadline for delisting non-compliant stablecoins.