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01 — Compliance Scorecard

Bill C-15 Compliance Scorecard

14 requirements from the Stablecoin Act, tracked across three Canadian issuers. Hover any cell for evidence details and source links.

Bill C-15 Compliance ScorecardThree Canadian stablecoin issuers vs. the Stablecoin Act — Updated May 20267of 14 demonstrated3 in progress · 4 pending6of 14 demonstrated5 in progress · 3 pending3of 14 demonstrated3 in progress · 8 pendingQCADStablecorpCADDCAD Digital Inc. (Tetra Trust Co.)CADCLoon (ex-Paytrie)REQUIREMENTRegistration & AuthorizationREG-1Bank of Canada RegistrationStablecoin Act §§ 4-8REG-2Securities Prospectus / Provincial ApprovalInterim CSA FrameworkReserve RequirementsRES-11:1 Reserve BackingStablecoin Act §§ 12-14RES-2Qualified CustodianStablecoin Act §§ 15-17RES-3HQLA Reserve CompositionStablecoin Act § 13Redemption PolicyRED-1At-Par Redemption PolicyStablecoin Act § 18Governance & RiskGOV-1Corporate Governance FrameworkStablecoin Act § 9(a)GOV-2Risk Management PolicyStablecoin Act § 9(b)Data & TechnologyTECH-1Data Security PolicyStablecoin Act § 9(c)TECH-2Technology DisclosureStablecoin Act § 6(d)Reporting & VerificationRPT-1Monthly Reports to Bank of CanadaStablecoin Act § 20RPT-2Public Reserve AttestationsStablecoin Act § 21RPT-3Incident ReportingStablecoin Act § 22Recovery & ResolutionREC-1Recovery & Resolution PlanStablecoin Act § 9(d)DemonstratedIn ProgressPendingBill C-15 (Royal Assent March 26, 2026) · stableloonie.com

Data sourced from public filings, press releases, attestation reports, and corporate announcements.

Regulatory Timeline

Bill C-15 to full enforcement — with issuer milestones

2027-06-01 BoC registration opens Bank of Canada expected to begin accepting issuer registrations.
2027-02-15 Stablecoin Act in-force Earliest in-force date for federal Stablecoin Act per published timeline.
2026-09-30 Real-Time Rail launch (Q3) Payments Canada targets RTR go-live. Industry observers note slip risk to late 2026 / early 2027.
2026-06-01 Consultation period opens Dept of Finance expected to publish consultation on implementation regulations.
2026-05-21 QCAD on Circle StableFX (Arc) Stablecorp issues QCAD on Circle's Arc testnet and integrates with StableFX. QCAD/USDC becomes the first onchain CAD/USD settlement pair (PvP atomic, T+0) — one of the first assets on StableFX after USDC and EURC. Production to follow Arc mainnet.
2026-05-04 CADD launches publicly Tetra Trust / CAD Digital Inc. launches CADD on Ethereum, Base, and Tempo. Solana coming soon.
2026-04-29 BoC scales down retail CBDC Bank of Canada confirms wind-down of retail Digital Canadian Dollar work; pivots to payments oversight.
2026-04-20 QCAD on Kraken QCAD listed on Kraken. VersaBank begins receiving deposits.
2026-04-06 QCAD Prospectus Amendment QCAD Digital Trust Prospectus Amendment No. 1 filed.
2026-03-26 Bill C-15 Royal Assent Budget Implementation Act passes. Stablecoin Act becomes law. BoC mandate expands to stablecoin supervision.
2026-03-23 Deloitte × Stablecorp Deloitte Canada and Stablecorp announce strategic collaboration on QCAD-based stablecoin infrastructure for Canadian financial institutions.
2026-02-03 VersaBank custody for QCAD VersaBank signs custodial agreement for QCAD via VersaVault®.
2025-12-16 CADD bank-to-bank testing Wealthsimple and National Bank successfully transfer CADD on testnet.
2025-11-25 QCAD launches on Base Stablecorp announces QCAD on Base Chain (Ethereum L2).
2025-11-24 QCAD CSA Prospectus Approved All 13 CSA jurisdictions approve QCAD Digital Trust prospectus.
2025-10-27 Loon raises $3M, acquires CADC Paytrie spinout Loon raises $3M and acquires CADC stablecoin.
2025-09-08 Tetra Digital $10M raise Tetra Digital raises $10M backed by Shopify, Wealthsimple, National Bank, ATB, Urbana, Purpose, Shakepay.
QCAD CADD / Legislation CADC / Regulatory Enforcement
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