Canadian Crypto Observer

By Aditya Nain on June 27, 2025
Estimated reading time: 5 minutes

By Aditya Nain on June 27, 2025
Estimated reading time: 5 minutes

What Canadians need to know about stablecoins, possible coins from Amazon and Walmart, and Canada launches three XRP ETFs.

Welcome to the Canadian Crypto Observer. Financial journalist and author Aditya Nain offers perspective on market-moving headlines to help Canadian investors navigate the cryptocurrency market.

A stablecoin is a blockchain-based currency (cryptocurrency), the value of which is designed to be stable relative to an underlying asset such as (and most often) the U.S. dollar. For example, one Tether (USDT, the largest stablecoin on the market) is designed to be equal to one U.S. dollar. You could think of stablecoins as the cash of the crypto ecosystem: they’re what you hold when you want to remain within the crypto ecosystem without exposing your money to the high volatility of coins such as bitcoin (BTC) or ethereum (ETH) or Solana (SOL).

Stablecoins are so important to the crypto ecosystem that:

Although stablecoins are important to crypto, they’re also dangerous if not properly regulated, as explained in my previous column). To address this issue, on June 17, 2025, the U.S. Senate approved the so-called GENIUS Act, which seeks to provide a regulatory framework for issuing U.S.-dollar stablecoins. (GENIUS stands for “Guiding and Establishing National........

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