VersaBank, a federally licensed custodian in Canada, is set to develop a SOC2 Type 1-certified custody solution for stablecoins. This initiative is in collaboration with third-party stablecoin issuers and aims to align with Canada's newly established stablecoin regulatory framework. The Canadian government recently passed a budget bill on November 17, 2025, which includes comprehensive regulations for stablecoins, paving the way for secure and compliant digital asset management.