%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Cryptoprowl.com / Circle Internet Group (NYSE: $CRCL ) says that its USD Coin (CRYPTO: $USDC ) is the first stablecoin to comply with Canada's new listing requirements for cryptocurrencies. In a social media post, Circle CEO Jeremy Allaire announced that USDC is the first U.S. dollar-backed stablecoin to comply with Canada's updated regulations pertaining to digital assets. The rules, which have been set by the Ontario Securities Commission (OSC) and the Canadian Securities Administrators (CSA), covers Value-Referenced Crypto Assets (VRCA). The compliance means that the USDC stablecoin remains available on registered crypto exchanges and trading platforms throughout Canada. These platforms must meet the new regulatory requirements for stablecoins or face being delisted. Several U.S. crypto firms, including Gemini (NASDAQ: $GEMI ) and Binance, exited the Canadian market over the last year after Canada's government introduced stricter rules for the crypto industry. However, Circle says that its continued presence in Canada demonstrates the company's commitment to developing global regulatory standards for stablecoins. Stablecoins are cryptocurrencies whose price is pegged to another asset, typically the U.S. dollar or price of gold. Circle, which held its initial public offering (IPO) last summer, says that Canada's approach to regulation enhances the integrity of digital asset markets and supports the use of stablecoins. Efforts are underway to issue a stablecoin that is pegged to the Canadian dollar. CRCL stock has declined 44% since its IPO last June and currently trades at $60.04 U.S. per share.