VersaBank Starts Collaborations With Third-Party Stablecoin Issuers to Meet New Canadian Regulations

MT Newswires Live

11/20

VersaBank (VBNK) said Thursday it started collaborations with third-party stablecoin issuers on national bank-based, SOC2 Type 1-certified custody solutions that are consistent with the Canadian government's planned regulation for stablecoins.

The stablecoin firms were not identified by the bank.

The planned stablecoin regulation in the country will support a potential new revenue stream for Versabank, the bank said.

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