Canada Debuts First Regulated Stablecoin Created by Tetra Digital

Interesting to see Canada take this approach with a regulated CAD-backed stablecoin, especially given how dominant USD stablecoins still are. It makes sense from a compliance and local currency angle, but feels like the real challenge is liquidity and integration rather than issuance. Without deep exchange support and real payment usage, it’s hard to see it competing at scale. Curious how others see this, do local stablecoins actually have a chance, or does the dollar just keep dominating and a CAD stablecoin might not make sense?