Deloitte, Stablecorp partner to develop stablecoin infrastructure for Canadian banks

The move comes as policymakers in Canada continue to work toward a clearer regulatory framework for stablecoins — an effort widely seen as key to supporting broader institutional adoption of digital assets.

Recent research suggested that stablecoins are evolving beyond trading tools and becoming a practical form of money for daily life.

“Stablecoins present a significant opportunity for Canada's payments landscape” says, Soumak Chatterjee, Partner, Financial Services and Payments Leader at Deloitte Canada. “This collaboration helps us enable capabilities that are critical for our banking sector to lead this change, unlock greater innovation in Canadian payments, and ensure global competitiveness. We're excited to work with Stablecorp to drive impact for our clients and the broader Canadian financial services industry.”

The firms say the collaboration will combine Deloitte’s experience advising on payments transformation with Stablecorp’s blockchain infrastructure to help financial institutions modernize legacy systems for a digital, always-on economy. Distributed ledger technology is expected to support faster transaction settlement, increased transparency, and improved efficiency across a range of financial products and services.

Stablecorp executives emphasize that widespread use of a digital Canadian dollar will depend on trusted implementation within established financial platforms.