VersaBank Supports Planned Stablecoin Regulation in Canada, Initiates Custody Solutions Collaborations

VersaBank applauds Canadian Prime Minister Mark Carney and Finance Minister François-Philippe Champagne on planned stablecoin regulation in the 2025 Federal Budget. The bank has initiated collaborations with third-party stablecoin issuers on national bank-based custody solutions consistent with the government's planned regulation for stablecoins in Canada. VersaBank's proprietary VersaVault is a SOC2 Type 1-certified custody solution designed for the protection of digital assets. The bank believes stablecoins and bank-issued tokenized deposits like its Real Bank Deposit Token will become a meaningful part of the payments economy due to their programmability, speed, and lower cost.