Canadian crypto companies are encountering regulatory challenges in introducing a local stablecoin, as the US advances stablecoin legislation (Monique Mulima/Bloomberg)

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Monique Mulima / Bloomberg:Canadian crypto companies are encountering regulatory challenges in introducing a local stablecoin, as the US advances stablecoin legislation  —  While the US Senate advanced far-reaching stablecoin legislation, Canadian companies are pushing to get even the most basic stablecoin products available for users in the country.